The massive reduction in risk that is inherent in the development of the modern corporation has been far from fully appreciated. - John Kenneth Galbraith

Men of conservative temperament have long suspected that one thing leads to another.

Clearly the most unfortunate people are those who must do the same thing over and over again, every minute, or perhaps twenty to the minute. They deserve the shortest hours and the highest pay.

When a mood of excitement pervades a market or surrounds an investment prospect, when there is a claim of unique opportunity based on special foresight, all sensible people should circle the wagons; it is the time for caution.