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

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

Author: John Maynard Keynes

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Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.

Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.

... 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.

... 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.

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

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

Whenever you save five shillings you put a man out of work for a day.

Whenever you save five shillings you put a man out of work for a day.

When the final result is expected to be a compromise, it is often prudent to start from an extreme position.

When the final result is expected to be a compromise, it is often prudent to start from an extreme position.

Conservatism leads nowhere; it satisfies no ideal.

Conservatism leads nowhere; it satisfies no ideal.

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