John Maynard Keynes

  • “As time goes on, I get more and more convinced that the right method in investment is to put fairly large sums into enterprises which one thinks one knows something about and in the management of which one thoroughly believes.”
  • “Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally”
  • “It’s not bringing in the new ideas that’s so hard. It’s getting rid of the old ones.”
  • “It is the long-term investor that, in practice, will be very different from the others and probably criticized at some point, because in the essence of his behavior that he’ll be eccentric, rash, and unconventional in the eyes of the average opinion.”