Chess Is A Cure For Headaches.

The Central Principle Of Investment Is To Go Contrary To The General Opinion, On The Grounds That If Everyone Agreed About Its Merits, The Investment Is Inevitably Too Dear And Therefore Unattractive.

Successful Investing Is Anticipating The Anticipations Of Others.

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

Experience Shows That What Happens Is Always The Thing Against Which One Has Not Made Provision In Advance.

Lenin Is Said To Have Declared That The Best Way To Destroy The Capitalistic System Was To Debauch The Currency. . . Lenin Was Certainly Right. There Is No Subtler, No Surer Means Of Overturning The Existing Basis Of Society Than To Debauch The Currency. The Process Engages All The Hidden Forces Of Economic Law On The Side Of Destruction, And Does It In A Manner Which Not One Man In A Million Can Diagnose.