I feel no shame at being found still owning a share when the bottom of the market comesβ¦I would go much further than that. I should say that it is from time to time the duty of a serious investor to accept the depreciation of his holdings with equanimity and without reproaching himself. β¦ An investorβ¦should be aiming primarily at long-period results, and should be solely judged by these.
More Author Quotes
- Ideas shape the course of history. β¨ The Peter Plan: A Proposal for Survival by Laurence J. Peter, (p. 97), 1976.
- Nothing mattered except states of mind, chiefly our own. β¨ Essays in Biography by John Maynard Keynes (Ch. 39), 1933.
- I believe myself to be writing a book on economic theory which will largely revolutionize - not, I suppose, at once but in the course of the next ten years - the way the world thinks about economic p β¦ βΆ
- This long run is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that wh β¦ βΆ
- The treasury could fill old bottles with banknotes and bury them..and leave it to private enterprises on well-tried principles of laissez-faire to dig the notes up again.
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