John Maynard Keynes

5 Jun 1883 // 21 Apr 1946


The ideas of economists and political philosophers...are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist.
Professionals and speculators are not primarily concerned with making superior long-term forecasts but with foreseeing changes in the conventional basis of valuation a short time ahead of the general public.
Speculators may do no harm as bubbles on the steady stream of enterprise. But the position is serious when enterprise becomes the bubble on the whirl-pool of speculation.


On Anger: "For every minute you remain angry, you give up sixty seconds of peace of mind."
On Destiny: "Our destiny exercises its influence over us even when, as yet, we have not learned its nature: it is our future that lays down the law of our today."
Human, All Too Human
On Friendship: "A crowd is not company; and faces are but a gallery of pictures; and talk but a tinkling cymbal, where there is no love."