Ideas Shape The Course Of History.

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.

I Am Sure That The Power Of Vested Interests Is Vastly Exaggerated Compared With The Gradual Encroachment Of Ideas.

The Power To Become Habituated To His Surroundings Is A Marked Characteristic Of Mankind.

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.

[silvio] Gesell's Chiefwork Is Written In Cool And Scientific Terms, Although It Is Run Through By A More Passionate And Charged Devotion To Social Justice Than Many Think Fit For A Scholar. I Believe That The Future Will Learn More From The Spirit Of Gesell Then From That Of Marx.