Let the following be one of the unfailing rules by which the individual investor and, needless to say, the pension and other institutional-fund manag… - John Kenneth Galbraith

There is the possibility, even the likelihood, of self-approving and extravagantly error-prone behavior on the part of those closely associated with money.

The recurrent and sadly erroneous belief that effortless enrichment is an entitlement associated with what is thought to be exceptional financial perspicacity and wisdom is not something that yields to legislative remedy.

The consequences of successful action seemed almost as terrible as the consequences of inaction, and they could be more horrible for those who took the action. A bubble can easily be punctured. But to incise it with a needle so that it subsides gradually is a task of no small delicacy.

There is an insistent tendency among serious social scientists to think of any institution which features rhymed and singing commercials, intense and lachrymose voices urging highly improbable enjoyment, caricatures of the human esophagus in normal and impaired operation, and which hints implausibly at opportunities for antiseptic seduction as inherently trivial. This is a great mistake. The industrial system is profoundly dependent on commercial television and could not exist in its present form without it.