Like Odysseus, The President Looked Wiser When

Nothing Mattered Except States Of Mind, Chiefly Our Own.

In Truth, The Gold Standard Is Already A Barbarous Relic.

It Is Better That A Man Should Tyrannize Over His Bank Balance Than Over His Fellow-citizens And Whilst The Former Is Sometimes Denounced As Being But A Means To The Latter, Sometimes At Least It Is An Alternative.

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.

It Is The Duty Of The Long-term Investor To Endure Great Losses With Equanimity.