The longer I operated on Wall Street the more distrustful I became of tips and inside information of every kind. Given time, I believe that inside information can break the Bank of England.
The terror created by weaponry has never stopped men from employing them.
A political leader must keep looking over his shoulder all the time to see if the boys are still there. If they arent still there, hes no longer a political leader.
No man can humiliate me or disturb me. I won’t let him.
You can talk about capitalism and communism and all that sort of thing, but the important thing is the struggle everybody is engaged in to get better living conditions, and they are not interested too much in government.
There is something about inside information which seems to paralyse a man’s reasoning powers.
I am interested in physical medicine because my father was. I am interested in medical research because I believe in it. I am interested in arthritis because I have it.
A man can’t retire his experience.
Government is not a substitute for people, but simply the instrument through which they act. And if the individual fails to do his duty as a citizen, government becomes a very deadly instrument indeed.
We are living in a highly organized state of socialism. The state is all; the individual is of importance only as he contributes to the welfare of the state. His property is only his as the state does not need it. He must hold his life and his possessions at the call of the state.
I have known men who could see through the motivations of others with the skill of a clairvoyant; only to prove blind to their own mistakes. I have been one of those men.
Let us not be deceived we are today in the midst of a cold war.
Unless each man produces more than he receives, increases his output, there will be less for him than all the others.
When good news about the market hits the front page of the New York Times, sell.
Don’t speculate unless you can make it a full time job.
Now is always the hardest time to invest.
Agriculture is the greatest and fundamentally the most important of our industries. The cities are but the branches of the tree of national life, the roots of which go deeply into the land. We all flourish or decline with the farmer.
I have learned the truth of the observation that the more one approaches great men the more one finds that they are men.
When beggars and shoeshine boys, barbers and beauticians can tell you how to get rich it is time to remind yourself that there is no more dangerous illusion than the belief that one can get something for nothing.
Bears don’t live on Park Avenue.
Don’t try to be a jack of all investments. Stick to the field you know best.