#Speculation Quotes

“Scenes are now to take place as will open the eyes of credulity and of insanity itself, to the dangers of a paper medium abandoned to the discretion of avarice and of swindlers.”

“Just been talking today out here to all the Senators investigating these stock swindles and overcapitalizations. There has been hundreds of millions lost. There ought to be some form of guardianship for people that buy all this junk. Education won't do it. The buyers are the ones we have educated up till they are just smart enough to fall for everything that comes along.”

“It was my first meeting with a philosophy that confirmed my vague speculations and seemed at once logical and boundless.”

“Consciously paying more for a stock than its calculated value - in the hope that it can soon be sold for a still-higher price - should be labelled speculation”

“Fear is the foe of the faddist, but the friend of the fundamentalist.”

“Our public credit is good, but the abundance of paper has produced a spirit of gambling in the funds, which has laid up our ships at the wharves as too slow instruments of profit, and has even disarmed the hand of the tailor of his needle and thimble. They say the evil will cure itself. I wish it may; but I have rarely seen a gamester cured, even by the disasters of his vocation.”

“The banks themselves were doing business on capitals three-fourths of which were fictitious. This fictitious capital... is now to be lost, and to fall on somebody; it must take on those who have property to meet it, and probably on the less cautious part, who, not aware of the impending catastrophe, have suffered themselves to contract, or to be in debt, and must now sacrifice their property of a value many times the amount of the debt. We have been truly sowing the wind, and are now reaping the whirlwind.”

“I'm not a futurist.”

“There are two times in a man's life when he should not speculate: when he can't afford it, and when he can.”

“The theories and speculations of men concern us more than their puny accomplishment. It is with a certain coldness and languor that we loiter about the actual and so-called practical.”

“Time destroys the speculation of men, but it confirms nature.”

“O speculators about perpetual motion, how many vain chimeras have you created in the like quest? Go and take your place with the seekers after gold.”

“Speculation is only a word covering the making of money out of the manipulation of prices, instead of supplying goods and services.”

“Let experience solve it. To listen to mere speculation in such a case were criminal.”

“I'm aware that, whatever the circumstances, there will always be speculation about me.”

“When facts are few, speculations are most likely to represent individual psychology.”