“Where there are so many, all speech becomes a debate without end. But two together may perhaps find wisdom.”

“Despair, or folly?’ said Gandalf. ‘It is not despair, for despair is only for those who see the end beyond all doubt. We do not. It is wisdom to recognize necessity, when all other courses have been weighed, though as folly it may appear to those who cling to false hope. Well, let folly be our cloak, a veil before the eyes of the Enemy!”

“Faerie is a perilous land, and in it are pitfalls for the unwary and dungeons for the overbold...The realm of fairy-story is wide and deep and high and filled with many things: all manner of beasts and birds are found there; shoreless seas and stars uncounted; beauty that is an enchantment, and an ever-present peril; both joy and sorrow as sharp as swords. In that realm a man may, perhaps, count himself fortunate to have wandered, but its very richness and strangeness tie the tongue of a traveller who would report them. And while he is there it is dangerous for him to ask too many questions, lest the gates should be shut and the keys be lost.”

“Celtic 'is a magic bag, into which anything may be put, and out of which almost anything may come . . . Anything is possible in the fabulous Celtic twilight, which is not so much a twilight of the gods as of the reason.”

“He knew that all the hazards and perils were now drawing together to a point: the next day would be a day of doom, the day of final effort or disaster, the last gasp.”

“Behind that, there was something else at work, beyond any design of the ring maker. I can put it no plainer than by saying that Bilbo was meant to find the ring, and not by its maker. In which case you also were meant to have it. And that may be an encouraging thought.”

“I look East, West, North, South, and I do not see Sauron; but I see that Saruman has many descendants. We Hobbits have against them no magic weapons. Yet, my gentlehobbits, I give you this toast: To the Hobbits. May they outlast the Sarumans and see spring again in the trees.”