If You Owe Your Bank Manager A

I Find Myself More And More Relying For A Solution Of Our Problems On The Invisible Hand Which I Tried To Eject From Economic Thinking Twenty Years Ago.

... A Speculator Is One Who Runs Risks Of Which He Is Aware And An Investor Is One Who Runs Risks Of Which He Is Unaware.

Long Run Is A Misleading Guide To Current Affairs. In The Long Run We Are All Dead.

Businessmen Have A Different Set Of Delusions From Politicians; And Need, Therefore, Different Handling. They Are, However, Much Milder Than Politicians, At The Same Time Allured And Terrified By The Glare Of Publicity....you Could Do Anything You Like With Them, If You Would Treat Them (even The Big Ones) Not As Wolves And Tigers, But As Domestic Animals By Nature, Even Though They Have Been Badly Brought Up And Not Trained As You Would Wish.

Worldly Wisdom Teaches That It Is Better For Reputation To Fail Conventionally Than To Succeed Unconventionally.