The markets are moved by animal spirits, and not by reason.
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.
Long run is a misleading guide to current affairs. In the long run we are all dead.
It is better to be roughly right than precisely wrong.
The boom, not the slump, is the right time for austerity at the Treasury.
When the facts change, I change my mind.
Markets can remain irrational longer than you can remain solvent.
The difficulty lies, not in the new ideas, but in escaping from the old ones.
Obviously I faced the possibility of not returning when first I considered going. Once faced and settled there really wasn't any good reason to refer to it.
There are two kinds of stones, as everyone knows, one of which rolls.
Aviation records don't fall until someone is willing to mortgage the present for the future.
Flying might not be all plain sailing, but the fun of it is worth the price.
Human crises have a way of happening at inconvenient times.
The soul's dominion? Each time we make a choice, we pay
With courage to behold the restless day,
And count it fair.
Anticipation, I suppose, sometimes exceeds realization.
Ours is the commencement of a flying age, and I am happy to have popped into existence at a period so interesting.
Better do a good deed near at home than go far away to burn incense.
Trouble in the air is very rare. It is hitting the ground that causes it.