“A speculator is one who runs risks of which he is aware and an investor is one who runs risks of which he is unaware.”

Nor should the argument seem strange that taxation may be so high as to defeat its object, and that, given sufficient time to gather the fruits, a reduction of taxation will run a better chance than an increase of balancing the budget.

There is nothing so disastrous as a rational investment policy in an irrational world.

Conservatism leads nowhere; it satisfies no ideal.

A study of the history of opinion is a necessary preliminary to the emancipation of the mind.

When my information changes, I alter my conclusions. What do you do, sir?

If we consistently act on the optimistic hypothesis, this hypothesis will tend to be realised; whilst by acting on the pessimistic hypothesis we can keep ourselves for ever in the pit of want.

Economists must leave to Adam Smith alone the glory of the Quarto, must pluck the day, fling pamphlets into the wind, write always sub specie temporis , and achieve immortality by accident, if at all.

The introduction of a substantial Government transfer tax on all transactions might prove the most serviceable reform available,with a view to mitigating the predominance of speculation in the United States.

When I find new information I change my mind; What do you do?

The power to become habituated to his surroundings is a marked characteristic of mankind.

Never in history was there a method devised of such efficacy for setting each country’s advantage at variance with its neighbours’ as the international gold (or, formerly, silver) standard.

Once we allow ourselves to be disobedient to the test of an accountant’s profit, we have begun to change our civilization.

I think that Capitalism, wisely managed, can probably be made more efficient for attaining economic ends than any alternative system yet in sight, but that in itself is in many ways extremely objectionable.

One blames politicians, not for inconsistency but for obstinacy. They are the interpreters, not the masters, of our fate. It is their job, in fact, to register the fact accomplished.

When the accumulation of wealth is no longer of high social importance, there will be great changes in the code of morals.

The political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty.

By doing this I sense instantly when something isn’t right. Watching something does not mean fixing your gaze on it, but being aware of it in a natural way.

The remarkable thing about management is that a manager can go on for years making mistakes that nobody is aware of, which means that management can be a kind of a con job.

There are people who are born and die and never once are aware of their breath going in and out of their body. That’s how far away they live from themselves

I soon became aware that there wasn’t enough time or opportunity to kiss all the girls in the world. The best thing is to stay cool – just be choosy and wait for the right opportunity.

It is not an easy job to govern China, I am aware of that.

I’m sure they learn a lot, and some of them, it makes them aware of what they wish to do. I was – that’s the way I was – autodidact.

As you gently relax into awareness, into listening, the mind’s compulsive contraction around objects will fade. Awareness naturally returns to its non-state of absolute unmanifest potential, the silent abyss beyond all knowing.

When you begin to become conscious, more aware, when your eyes begin to open, the first thing you see is how deluded you are and how much you’re holding onto that which makes you suffer. This is, in many ways, the most important step: Are you willing to be aware?