John Kenneth Galbraith Investing Quotations

Almost every aspect of its (Federal Reserve) history should be approached with a discriminating disregard for what is commonly taught or believed.

Economics exists to make astrology look respectable.

A point must be repeated: only the pathological weakness of the financial memory...allows us to believe that the modern experience of....debt...is in any way a new phenomenon.

Genius is a rising stock market.

There are two kinds of forecasters: those who don’t know, and those who don’t know they don’t know.

The enemy of the conventional wisdom is not ideas but the march of events.

The man who is admired for the ingenuity of his larceny is almost always rediscovering some earlier form of fraud. The basic forms are all known, have all been practiced. The manners of capitalism improve. The morals may not.

It is a far, far better thing to have a firm anchor in nonsense than to put out on the troubled seas of thought.

In economics, the majority is always wrong.

The process by which banks create money is so simple that the mind is repelled.