Only Foolish People Are Completely Secure.

Few Can Believe That Suffering, Especially By Others, Is In Vain. Anything That Is Disagreeable Must Surely Have Beneficial Economic Effects.

There Can Be Few Fields Of Human Endeavor In Which History Counts For So Little As In The World Of Finance.past Experience, To The Extent That It Is Part Of Memory At All, Is Dismissed As The Primitive Refuge Of The Those Who Do Not Have Insight To Appreciate The Incredible Wonders Of The Present.

It Is My Guiding Confession That I Believe The Greatest Error In Economics Is In Seeing The Economy As A Stable, Immutable Structure.

When You See Reference To A New Paradigm You Should Always, Under All Circumstances, Take Cover. Because Ever Since The Great Tulipmania In 1637, Speculation Has Always Been Covered By A New Paradigm. There Was Never A Paradigm So New And So Wonderful As The One That Covered John Law And The South Sea Bubble - Until The Day Of Disaster.

In 1929 The Discovery Of The Wonders Of The Geometric Series Struck Wall Street With A Force Comparable To The Invention Of The Wheel.