262 Quotes by John Maynard Keynes

Most men love money and security more, and creation and construction less, as they get older.

When the facts change, I change my mind.

It is the long term investor who will in practice come in for the most criticism. For it is the essence of his behaviour that he should be eccentric, unconventional and rash in the eyes of the average opinion. If he is successful, that will only confirm the general belief in his rashness; and if in the short run he is unsuccessful, which is very likely, he will not receive much mercy. Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.

If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid.

It's not bringing in the new ideas that's so hard; it's getting rid of the old ones.

It is the duty of the long-term investor to endure great losses with equanimity.

I do not know which makes a man more conservative - to know nothing but the present, or nothing but the past.

When I find new information I change my mind; What do you do?

Of the maxims of orthodox finance none, surely, is more anti-social than the fetish of liquidity, the doctrine of that it is a positive virtue on the part of investment institutions to concentrate their resources upon the holding of 'liquid' securities. It forgets that there is no such thing as liquidity of investment for the community as a whole.