Worldly Wisdom Teaches That It Is Better

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

I Don't Feel The Least Humble Before The Vastness Of The Heavens.

If We Consistently Act On The Optimistic Hypothesis, This Hypothesis Will Tend To Be Realised; Whilst By Acting On The Pessimistic Hypothesis We Can Keep Ourselves For Ever In The Pit Of Want.

It Is Astonishing What Foolish Things One Can Temporarily Believe If One Thinks Too Long Alone, Particularly In Economics.

This Long Run Is A Misleading Guide To Current Affairs. In The Long Run We Are All Dead. Economists Set Themselves Too Easy, Too Useless A Task If In Tempestuous Seasons They Can Only Tell Us That When The Storm Is Long Past The Ocean Is Flat Again.