In The Long Run We Are All

It Is Not The Ownership Of The Instruments Of Production Which It Is Important For The State To Assume. If The State Is Able To Determine The Aggregate Amount Of Resources Devoted To Augmenting The Instruments And The Basic Rate Of Reward To Those Who Own Them, It Will Have Accomplished All That Is Necessary. Moreover, The Necessary Measures Of Socialization Can Be Introduced Gradually And Without A Break In The General Traditions Of Society.

Thus, The Weight Of My Criticism Is Directed Against The Inadequacy Of The Theoretical Foundations Of The Laissez-faire Doctrine Upon Which I Was Brought Up And For Many Years I Taught

When The Facts Change, I Change My Mind.

I Feel No Shame At Being Found Still Owning A Share When The Bottom Of The Market Comes…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. … An Investor…should Be Aiming Primarily At Long-period Results, And Should Be Solely Judged By These.

We Will Not Have Any More Crashes In Our Time.