Markets Can Remain Irrational Longer Than You

One's Knowledge And Experience Are Definitely Limited And There Are Seldom More Than Two Or Three Enterprises At Any Given Time In Which I Personally Feel Myself Entitled To Put Full Confidence.

It Is The Duty Of The Long-term Investor To Endure Great Losses With Equanimity.

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.

If Economists Could Manage To Get Themselves Thought Of As Humble, Competent People On A Level With Dentists, That Would Be Splendid.

Long Run Is A Misleading Guide To Current Affairs. In The Long Run We Are All Dead.