John Maynard
John Maynard
change facts
When the facts change, I change my mind. What do you do, sir?
theory-of-evolution may facts
Darwin's theory of evolution by natural selection is the only workable explanation that has ever been proposed for the remarkable fact of our own existence, indeed the existence of all life wherever it may turn up in the universe.
littles way facts
Unlike physics, for example, such parts of the bare bones of economic theory as are expressible in mathematical form are extremely easy compared with the economic interpretation of the complex and incompletely known facts of experience, and lead one a very little way towards establishing useful results.
business mind facts
When the facts change, I change my mind.
current guide misleading run
But this long run is a misleading guide to current affairs. In the long run we are all dead.
compared gradual ideas interests power vastly
The power of vested interests is vastly exaggerated compared with the gradual encroachment of ideas
education
Education is the inculcation of the incomprehensible into the indifferent by the incompetent
fail reputation succeed teaches wisdom worldly
Worldly wisdom teaches that it is better for the reputation to fail conventionally than to succeed unconventionally
ought wild words
Words ought to be a little wild for they are the assaults of thought on the unthinking.
disgusting life love means money possession realities recognized somewhat
The love of money as a possession - as distinguished from the love of money as a means to the enjoyments and realities of life - will be recognized for what it is, a somewhat disgusting morbidity, one of those semi-criminal, semi-pathological propens
owe problem
If I owe you a pound, I have a problem; but if I owe you a million, the problem is yours.
avarice fair foul gods hundred longer ourselves precaution useful
For at least another hundred years we must preÂtend to ourselves and to every one that fair is foul and foul is fair; for foul is useful and fair is not. Avarice and usury and precaution must be our gods for a little longer still.
best capitalist continuing destroy process secretly system wealth
The best way to destroy the capitalist system is to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.
insightful investing
It is better to be roughly right than precisely wrong.