It Is Better That A

If, However, A Government Refrains From Regulations And Allows Matters To Take Their Course, Essential Commodities Soon Attain A Level Of Price Out Of The Reach Of All But The Rich, The Worthlessness Of The Money Becomes Apparent, And The Fraud Upon The Public Can Be Concealed No Longer.

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 Accompli.

The Division Of The Spoils Between The Victors Will Also Provide Employment For A Powerful Office, Whose Doorsteps The Greedy Adventurers And Jealous Concession Hunters Of Twenty Or Thirty Nations Will Crowd And Defile.

The Right Remedy For The Trade Cycle Is Not To Be Found In Abolishing Booms And Thus Keeping Us Permanently In A Semi-slump; But In Abolishing Slumps And Thus Keeping Us Permanently In A Quasi-boom.

I Feel No Shame At Being Found Still Owning A Share When The Bottom Of The Market Comes…i Would Go Much Further Than That. I Should Say That It Is From Time To Time The Duty Of A Serious Investor To Accept The Depreciation Of His Holdings With Equanimity And Without Reproaching Himself. … An Investor…should Be Aiming Primarily At Long-period Results, And Should Be Solely Judged By These.