When The Facts Change, I Change My

Once Doubt Begins It Spreads Rapidly.

I Am Sure That The Power Of Vested Interests Is Vastly Exaggerated Compared With The Gradual Encroachment Of Ideas.

The Considerations Upon Which Expectations Of Prospective Yields Are Based Are Partly Existing Facts Which We Can Assume To Be Known More Or Less For Certain, And Partly Future Events Which Can Only Be Forecasted With More Or Less Confidence.

A Sound Banker, Alas, Is Not One Who Foresees Danger And Avoids It, But One Who, When He Is Ruined, Is Ruined In A Conventional And Orthodox Way Along With His Fellows, So That No One Can Really Blame Him. It Is Necessarily Part Of The Business Of A Banker To Maintain Appearances, And To Confess A Conventional Respectability, Which Is More Than Human. Life-long Practices Of This Kind Make Them The Most Romantic And The Least Realistic Of Men.

I Do Not Know Which Makes A Man More Conservative - To Know Nothing But The Present, Or Nothing But The Past.