We live in a time of transition, an uneasy era which is likely to endure for the rest of this century. During the period we may be tempted to abandon some of the time-honored principles and commitments which have been proven during the difficult times of past generations. We must never yield to this temptation. Our American values are not luxuries, but necessities - not the salt in our bread, but the bread itself.
in his farewell address.
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Avarice has ruined more souls than extravagance.
Avarice has ruined more souls than extravagance.
Budgets are for cutting, that's why you set them.
Budgets are for cutting, that's why you set them.
Forty for you, sixty for me And equal partners we will be.
Forty for you, sixty for me And equal partners we will be.
There are only two lasting bequests we can hope to give our children. One of these is roots, the other, read more
There are only two lasting bequests we can hope to give our children. One of these is roots, the other, wings.
Economics is not about things and tangible material objects; it is about men, their meanings and actions.
Economics is not about things and tangible material objects; it is about men, their meanings and actions.
The boss must first distinguish between action information and status information. He must discipline himself not to act on problems read more
The boss must first distinguish between action information and status information. He must discipline himself not to act on problems his managers can solve, and never to act on problems when he is explicitly reviewing status. I once knew a boss who invariably picked up the phone to give orders before the end of the first paragraph in a status report. That response is guaranteed to squelch full disclosure.
It's not the bulls and bears you need to avoid -- it's the bum steers.
It's not the bulls and bears you need to avoid -- it's the bum steers.
Taxation WITH representation ain't so hot either.
Taxation WITH representation ain't so hot either.
The problem with the person who thinks he's a long-term investor and impervious to short-term gyrations is that the emotion read more
The problem with the person who thinks he's a long-term investor and impervious to short-term gyrations is that the emotion of fear and pain will eventually make him sell badly.
