Finance is the art of passing currency from hand to hand until it finally disappears.

Finance is the art of passing currency from hand to hand until it finally disappears.

The way to stop financial joy-riding is to arrest the chauffeur, not the automobile.

The way to stop financial joy-riding is to arrest the chauffeur, not the automobile.

It is time that financial types developed a greater tolerance for imprecision, because that’s the way the world is.

It is time that financial types developed a greater tolerance for imprecision, because that’s the way the world is.

The money-changers have fled from their high seats in the temple of our civilization. We may now restore that temple read more

The money-changers have fled from their high seats in the temple of our civilization. We may now restore that temple to the ancient truths.

Financial sense is knowing that certain men will promise to do certain things, and fail.

Financial sense is knowing that certain men will promise to do certain things, and fail.

A holding company is a thing where you hand an accomplice the goods while the policeman searches you.

A holding company is a thing where you hand an accomplice the goods while the policeman searches you.

It sounds extraordinary but it’s a fact that balance sheets can make fascinating reading.

It sounds extraordinary but it’s a fact that balance sheets can make fascinating reading.

We estimate the wisdom of nations by seeing what they did with their surplus capital.

We estimate the wisdom of nations by seeing what they did with their surplus capital.

There is no such thing as an innocent purchaser of stocks.

There is no such thing as an innocent purchaser of stocks.