Investing is an activity of forecasting the yield over the life of the asset; speculation is the activity of forecasting the psychology… — John Maynard Keynes Copy Share Image
The right remedy for the trade cycle is not to be found in abolishing booms and thus keeping us permanently in a… — John Maynard Keynes Copy Share Image
Speculators may do no harm as bubbles on a steady stream of enterprise. But the position is serious when enterprise becomes a… — John Maynard Keynes Copy Share Image
It is Enterprise which build and improves the world's possessions...If Enterprise is afoot, Wealth accumulates whatever may be happening to Thrift; and… — John Maynard Keynes Copy Share Image
As time goes on, I get more and more convinced that the right method of investment is to put fairly large sums… — John Maynard Keynes Copy Share Image
It is impossible that the intention of the entrepreneur who has borrowed in order to increase investment can become effective (except in… — John Maynard Keynes Copy Share Image
Ideas, knowledge, art, hospitality, travel - these are things which should in their nature be international. But let goods be homespun whenever… — John Maynard Keynes Copy Share Image
One's knowledge and experience are definitely limited and there are seldom more than two or three enterprises at any given time in… — John Maynard Keynes Copy Share Image
It is preferable to regard labour, including, of course, the personal services of the entrepreneur, and his assistants, as the sole factor… — John Maynard Keynes Copy Share Image
It is a mistake to think that one limits one’s risk by spreading too much between enterprises about which one knows little… — John Maynard Keynes Copy Share Image
The treasury could fill old bottles with banknotes and bury them..and leave it to private enterprises on well-tried principles of laissez-faire to… — John Maynard Keynes Copy Share Image
If human nature felt no temptation to take a chance there might not be much investment merely as a result of cold… — John Maynard Keynes Copy Share Image
...By combining a popular hatred of the class of entrepreneurs with the blow already given to social security by the violent and… — John Maynard Keynes Copy Share Image
If the Treasury were to fill old bottles with bank-notes, bury them at suitable depths in disused coal-mines which are then filled… — John Maynard Keynes Copy Share Image
As time goes on, I get more and more convinced that the right method in investment is to put fairly large sums… — John Maynard Keynes Copy Share Image
Once we allow ourselves to be disobedient to the test of an accountant's profit, we have begun to change our civilization. — John Maynard Keynes Copy Share Image
If you owe your bank manager a thousand pounds, you are at his mercy. If you owe him a million pounds, he is at… — John Maynard Keynes Copy Share Image
There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. — John Maynard Keynes Copy Share Image
It has been pointed out already that no knowledge of probabilities, less in degree than certainty, helps us to know what conclusions are true,… — John Maynard Keynes Copy Share Image
Everything is always decided for reasons other than the real merits of the case — John Maynard Keynes Copy Share Image
The power of vested interests is vastly exaggerated compared with the gradual encroachment of ideas — John Maynard Keynes Copy Share Image
It is a good thing to make mistakes so long as you're found out quickly. — John Maynard Keynes Copy Share Image
When the accumulation of wealth is no longer of high social importance, there will be great changes in the code of morals. We shall… — John Maynard Keynes Copy Share Image
Of the maxims of orthodox finance none, surely, is more anti-social than the fetish of liquidity, the doctrine of that it is a positive… — John Maynard Keynes Copy Share Image
The outstanding faults of the economic society in which we live are its failure to provide for full employment and its arbitrary and inequitable… — John Maynard Keynes Copy Share Image
I conceive, therefore, that a somewhat comprehensive socialisation of investment will prove the means of securing an approximation to full employment. — John Maynard Keynes Copy Share Image
