One-third of the people in the United States promote, while the other two-thirds provide.

One-third of the people in the United States promote, while the other two-thirds provide.

There is no such thing as an innocent purchaser of stocks.

There is no such thing as an innocent purchaser of stocks.

Modern man drives a mortgaged car over a bond-financed highway on credit-card gas.

Modern man drives a mortgaged car over a bond-financed highway on credit-card gas.

It is time that financial types developed a greater tolerance for imprecision, because that’s the way the world is.

It is time that financial types developed a greater tolerance for imprecision, because that’s the way the world is.

Literature was formerly an art and finance a trade; today it is the reverse

Literature was formerly an art and finance a trade; today it is the reverse

The way to stop financial joy-riding is to arrest the chauffeur, not the automobile.

The way to stop financial joy-riding is to arrest the chauffeur, not the automobile.

What is high finance? It’s knowing the difference between one and ten, multiplying, subtracting and adding. You just add noughts. read more

What is high finance? It’s knowing the difference between one and ten, multiplying, subtracting and adding. You just add noughts. It’s no more than that.

Alexander Hamilton originated the put and take system in our national treasury: the taxpayers put it in, and the politicians read more

Alexander Hamilton originated the put and take system in our national treasury: the taxpayers put it in, and the politicians take it out.

One of the soundest rules to remember when making forecasts in the field of economics is that whatever is to read more

One of the soundest rules to remember when making forecasts in the field of economics is that whatever is to happen is happening already.