The Duty Of "saving" Became Nine-tenths Of

I Find Myself More And More Relying For A Solution Of Our Problems On The Invisible Hand Which I Tried To Eject From Economic Thinking Twenty Years Ago.

It Is The Long Term Investor Who Will In Practice Come In For The Most Criticism. For It Is The Essence Of His Behaviour That He Should Be Eccentric, Unconventional And Rash In The Eyes Of The Average Opinion. If He Is Successful, That Will Only Confirm The General Belief In His Rashness; And If In The Short Run He Is Unsuccessful, Which Is Very Likely, He Will Not Receive Much Mercy. Worldly Wisdom Teaches That It Is Better For Reputation To Fail Conventionally Than To Succeed Unconventionally.

He Had One Illusion - France; And One Disillusion - Mankind, Including Frenchmen.

All Production Is For The Purpose Of Ultimately Satisfying A Consumer.

Economic Privation Proceeds By Easy Stages, And So Long As Men Suffer It Patiently The Outside World Cares Little.