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If you owe your bank manager a thousand pounds, you are at his mercy. If you owe him a million pounds, he is at your mercy.
John Maynard Keynes
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John Maynard Keynes
Age: 62 †
Born: 1883
Born: June 5
Died: 1946
Died: April 21
Businessperson
Diplomat
Economist
Mathematician
Non-Fiction Writer
Philosopher
Politician
Professor
Lord Keynes
Baron Keynes of Tilton
Manager
Bank
Pounds
Investing
Mercy
Million
Thousand
Millions
Bankers
More quotes by John Maynard Keynes
What an extraordinary episode in the economic progress of man that age was which came to an end in August, 1914!
John Maynard Keynes
The immense accumulations of fixed capital which, to the great benefit of mankind, were built up during the half century before the war, could never have come about in a Society where wealth was divided equitably.
John Maynard Keynes
Those, who are strongly wedded to what I shall call 'the classical theory', will fluctuate, I expect, between a belief that I am quite wrong and a belief that I am saying nothing new. It is for others to determine if either of these or the third alternative is right.
John Maynard Keynes
Successful investing is anticipating the anticipations of others.
John Maynard Keynes
It is the long-term investor...who will in practice come in for the most criticism... For it is the essence of his behavior that he should be eccentric, unconventional, and rash in the eyes of average opinion
John Maynard Keynes
Like all his type, Newton was wholly aloof from women.
John Maynard Keynes
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.
John Maynard Keynes
The engine which drives enterprise is not thrift, but profit.
John Maynard Keynes
Most, probably, of our decisions to do something positive, the full consequences of which will be drawn out over many days to come, can only be taken as the result of animal spirits-a spontaneous urge to action rather than inaction, and not as the outcome of a weighted average of quantitative benefits multiplied by quantitative probabilities.
John Maynard Keynes
Words ought to be a little wild, for they are the assault of thoughts on the unthinking.
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Perhaps it is historically true that no order of society ever perishes save by its own hand.
John Maynard Keynes
I can't remember my telephone number, but I know it was in the high numbers.
John Maynard Keynes
Investing is an activity of forecasting the yield over the life of the asset speculation is the activity of forecasting the psychology of the market.
John Maynard Keynes
In truth, the gold standard is already a barbarous relic.
John Maynard Keynes
It would not be foolish to contemplate the possibility of a far greater progress still.
John Maynard Keynes
It is better to be roughly right than precisely wrong.
John Maynard Keynes
Newton was not the first of the age of reason, he was the last of the magicians.
John Maynard Keynes
When somebody persuades me I am wrong, I change my mind.
John Maynard Keynes
Should government refrain from regulation (taxation), the worthlessness of the money becomes apparent and the fraud can no longer be concealed.
John Maynard Keynes
... a speculator is one who runs risks of which he is aware and an investor is one who runs risks of which he is unaware.
John Maynard Keynes
