The Markets Are Moved By Animal Spirits,

Perhaps It Is Historically True That No Order Of Society Ever Perishes Save By Its Own Hand.

It Is Ideas, Not Vested Interests, Which Are Dangerous For Good Or Evil.

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.

Investment Based On Genuine Long-term Expectations Is So Difficult Today As To Be Scarcely Practicable.

The Markets Are Moved By Animal Spirits, And Not By Reason.