Investing Is An Activity Of Forecasting The

The Glory Of The Nation You Love Is A Desirable End, — But Generally To Be Obtained At Your Neighbor's Expense.

I Know Of Only Three People Who Really Understand Money. A Professor At Another University. One Of My Students. And A Rather Junior Clerk At The Bank Of England.

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 With Town Rubbish, And Leave It To Private Enterprise On Well-tried Principles Of Laissez-faire To Dig The Notes Up Again (the Right To Do So Being Obtained, Of Course, By Tendering For Leases Of The Note-bearing Territory), There Need Be No More Unemployment And, With The Help Of Repercussions, The Real Income Of The Community, And Its Capital Wealth, Would Probably Become A Good Deal Greater Than It Actually Is.

How Can I Adopt A Creed Which, Preferring The Mud To The Fish, Exalts The Boorish Proletariat Above The Bourgeois And The Intelligentsia Who, With Whatever Faults, Are The Quality In Life And Surely Carry The Seeds Of All Human Advancement?

Newton Was Not The First Of The Age Of Reason. He Was The Last Of The Magicians, The Last Of The Babylonians And Sumerians, The Last Great Mind That Looked Out On The Visible And Intellectual World With The Same Eyes As Those Who Began To Build Our Intellectual Inheritance Rather Less Than 10,000 Years Ago.