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 ….

Investing is an activity of forecasting the yield over the life of the asset; speculation is the activity of forecasting the psychology of the market..

Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone..

It is better to be roughly right than precisely wrong..