When the facts change, I change my mind.
JOHN MAYNARD KEYNESPractical men who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back.
More John Maynard Keynes Quotes
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It is investment, i.e. the increased production of material wealth in the shape of capital goods, which alone increases national wealth.
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Obstinacy can bring only a penalty and no reward.
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There is no harm in being sometimes wrong – especially if one is promptly found out.
JOHN MAYNARD KEYNES -
Markets can remain irrational longer than you can remain solvent.
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When the final result is expected to be a compromise, it is often prudent to start from an extreme position.
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The friends of gold will have to be extremely wise and moderate if they are to avoid a revolution.
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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.
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Education: the inculcation of the incomprehensible into the indifferent by the incompetent.
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If human nature felt no temptation to take a chance there might not be much investment merely as a result of cold calculation.
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It is a mistake to think that one limits one’s risk by spreading too much between enterprises about which one knows little and has no reason for special confidence.
JOHN MAYNARD KEYNES -
The atomic hypothesis which had worked so splendidly in Physics breaks down in Psychics.
JOHN MAYNARD KEYNES -
The principle objectives in life are love, the creation and enjoyment if aesthetic experience, the pursuit of knowledge. Love comes a long way first.
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But the dreams of designing diplomats do not always prosper, and we must trust the future .
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Investment based on genuine long-term expectations is so difficult today as to be scarcely practicable.
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Government machinery has been described as a marvelous labor saving device which enables ten men to do the work of one.
JOHN MAYNARD KEYNES