Use Life To Provide Something

If The United States Is To Produce A Nation Of Investors-as We Must If We Are To Gain Financial World-leadership-it Is Imperative That Boards Of Directors Be So Constituted As To Adequately Represent The Interests And Inspire The Complete Confidence Of Investors Of Moderate Substance.

It Is A Great Mistake For Presidents And Other Leading Executives Of Organizations Having Branches Throughout The Country To Chain Themselves To Their Desks At Headquarters And Send Out Rigid Instructions To Those In Charge Of Distant Branches And Offices. Because A Man Sits In A Palatial Office In New York Or Chicago Or Philadelphia Or Detroit And Draws A Big Salary, It Does Not Necessarily Follow That He Knows Better Than The Man On The Spot What Ought To Be Done.... Paul, Caesar, Napoleon Did Not Merely Sit At Home And Issue Long-range Instructions.

Honesty Is The Cornerstone Of Character.

A Magazine Editor Recently Asked Me To Sit Down On My 40th Birthday And Write An Article On The Most Important Things I Had Learned In My First 40 Years. I Told Him That The Chief Thing I Had Learned Was That The Copybook Maxims Are True, But That Too Many People Forget This Once They Go Out Into The Heat And Hustle And Bustle Of The Battle Of Life And Only Realize Their Truth Once One Foot Is Beginning To Slip Into The Grave. The Man Who Has Won Millions At The Cost Of His Conscience Is A Failure.

I Have Never Seen People Who Could Do Real Work Except Under The Stimulus Of Encouragement And Enthusiasm And The Approval Of The People For Whom They Are Working.