A sound banker, alas, is not one who foresees danger and avoids it, but one who, when he is ruined, is ruined… — John Maynard Keynes Copy Share Image
If farming were to be organised like the stock market, a farmer would sell his farm in the morning when it was… — John Maynard Keynes Copy Share Image
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
I do not mean to impugn the social justice and social expediency of the redistribution of incomes aimed at by N.I.R.A. and… — John Maynard Keynes Copy Share Image
[Silvio] Gesell's chiefwork is written in cool and scientific terms, although it is run through by a more passionate and charged devotion… — John Maynard Keynes Copy Share Image
In truth, the gold standard is already a barbarous relic. All of us, from the Governor of the Bank of England downwards,… — John Maynard Keynes Copy Share Image
... a speculator is one who runs risks of which he is aware and an investor is one who runs risks of… — John Maynard Keynes Copy Share Image
Morally and philosophically I find myself in agreement with virtually the whole of it: and not only in agreement with it, but… — John Maynard Keynes Copy Share Image
“I find economics increasingly satisfactory, and I think I am rather good at it. I want to manage a railroad or organise… — John Maynard Keynes Copy Share Image
Professional investment may be likened to those newspaper competitions in which the competitors have to pick out the six prettiest faces from… — John Maynard Keynes Copy Share Image
I am myself impressed by the great social advantages of increasing the stock of capital until it ceases to be scarce. — John Maynard Keynes Copy Share Image
A sound banker, alas, is not one who foresees danger and avoids it, but one who, when he is ruined, is ruined… — John Maynard Keynes Copy Share Image
Markets can remain irrational longer than you can remain solvent. — John Maynard Keynes Copy Share Image
The spectacle of modern investment markets has sometimes moved me towards the conclusion that to make the purchase of an investment permanent… — John Maynard Keynes Copy Share Image
The boom, not the slump, is the right time for austerity at the Treasury. — 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
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
To suppose that safety-first consists in having a small gamble in a large number of different companies where I have no information… — John Maynard Keynes Copy Share Image
I feel no shame at being found still owning a share when the bottom of the market comes…I would go much further… — John Maynard Keynes Copy Share Image
The social object of skilled investment should be to defeat the dark forces of time and ignorance which envelope our future. — 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
Successful investing is anticipating the anticipations of others. — John Maynard Keynes Copy Share Image
It is generally agreed that casinos should, in the public interest, be inaccessible and expensive. And perhaps the same is true of… — 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
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