Successful investing is anticipating the anticipations of others..

Capitalism is the extraordinary belief that the nastiest of men, for the nastiest of reasons, will somehow work for the benefit of us all..

Long run is a misleading guide to current affairs. In the long run we are all dead..

The markets are moved by animal spirits, and not by reason..

When the facts change, I change my mind..

Education: the inculcation of the incomprehensible into the indifferent by the incompetent..

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

The biggest problem is not to let people accept new ideas, but to let them forget the old ones..

Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, ….

By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens..

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

The important thing for Government is not to do things which individuals are doing already, and to do them a little better or a little worse; but to ….

The difficulty lies, not in the new ideas, but in escaping from the old ones..

If we consistently act on the optimistic hypothesis, this hypothesis will tend to be realised; whilst by acting on the pessimistic hypothesis we can ….

The master-economist must possess a rare combination of gifts. He must reach a high standard in several different directions and must combine talents….

The expected never happens; it is the unexpected always..

If you owe your bank manager a thousand pounds, you are at his mercy. If you owe him a million pounds, he is at your mercy..

Markets can remain irrational longer than you can remain solvent..

Practical men who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist. Madmen in ….

Lenin is said to have declared that the best way to destroy the Capitalistic System was to debauch the currency. . . Lenin was certainly right. There….

If the Treasury were to fill old bottles with bank-notes, bury them at suitable depths in disused coal-mines which are then filled up to the surface ….