investment

There is no finer investment for any community than putting milk into babies.Healthycitizens arethegreatest asset any country can have.

-Churchill, Lord Randolph Henry Spencer

It might have been supposed that competition between expert professionals, possessing judgement and knowledge beyond that of the average private investor, would correct the vagaries of the ignorant individual left to himself. It happens, however, that the energies and skills of the professional investor and speculator are mainly occupied elsewhere. For most of these persons are, in fact, largely concerned, not with making superior long-term forecasts of the probable yield on an investment over its whole life, but with foreseeing changes in the conventional bias of valuation a short time ahead of the general public† This battle of wits to anticipate the basis of conventional valuation a few months hence, rather than the prospective yield of an investment over a long term of years, does not even require gulls amongst the public to feed the maws of the professional; it can be played by professionals amongst themselves.

-Keynes (of Tilton),John Maynard, 1st Baron

'Form follows profit' is the aesthetic principle of our times. Thus, design skill is measured today by the architect's ability to build the largest possible enclosure for the smallest investment in the quickest time.

-Rogers, Richard George Rogers, Baron

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