The Engine Which Drives Enterprise

The Central Principle Of Investment Is To Go Contrary To The General Opinion, On The Grounds That If Everyone Agreed About Its Merits, The Investment Is Inevitably Too Dear And Therefore Unattractive.

How Long Will It Be Necessary To Pay City Men So Entirely Out Of Proportion To What Other Servants Of Society Commonly Receive For Performing Social Services Not Less Useful Or Difficult?

It Is Better To Be Roughly Right Than Precisely Wrong.

Speculators May Do No Harm As Bubbles On A Steady Stream Of Enterprise. But The Position Is Serious When Enterprise Becomes A Bubble On A Whirlpool Of Speculation. When The Capital Development Of A Country Becomes A By-product Of The Activities Of A Casino, The Job Is Likely To Be Ill Done.

Successful Investing Is Anticipating The Anticipations Of Others.