Take care to be an economist in prosperity. There is no fear of your being one in adversity.
Both candidates for president talk about balancing the budget ten years from now. Even if they win, they won't be in office then.
America looks 10 minutes ahead; Japan looks 10 years.
We must shift our thinking away from short-term gain toward long-term investment and sustainability, and always have the next generations in mind with every decision we make.
Sound economy is a sound understanding brought into action; it is calculation realized; it is the doctrine of proportion reduced to practice; it is foreseeing contingencies, and providing against them.
Today is already the tomorrow which the bad economist yesterday urged us to ignore.
The foresight of financial experts was, as so often, a poor guide to the future.
The Jews had, as a matter of fact, long been all along the most ingenious entrepreneurs. It was only our own future that we had never built upon a business basis.
Starving research and development is like eating the seed corn.
When times are bad is when you want to build! Why wait for things to pick up so everything will cost more?
I look for businesses in which I think I can predict what they're going to look like in ten to fifteen years time. Take Wrigley's chewing gum. I don't think the internet is going to change how people chew gum.
The principal industrial excellence of the English people lay in their capacity of present exertion for a distant object.
