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.

That which is useless dies. Animals that fail to serve some useful purpose in the scheme of things slowly but surely become extinct. Let any part of the human body cease to perform its ordained function, and it withers-as when an arm is kept long in a sling. This same decree, that nothing useless is permitted to survive, runs through the mind of the industrial world.

How you start is important, very important, but in the end it is how you finish that counts. It is easier to be a self-starter than a self-finisher. The victor in the race is not the one who dashes off swiftest but the one who leads at the finish. In the race for success, speed is less important than stamina. The sticker outlasts the sprinter in life's race. In America we breed many hares but not so many tortoises.

Frank W. Woolworth once told me that the turning-point in his career did not come until he was thrown flat on his back by illness. He was sure that his business would go to pieces during his long, enforced absence. Instead, he discovered that he had in his employ men who could overcome difficulties when given power to exercise initiative. After that Woolworth left many problems and difficulties to be solved by subordinates and turned his attention to big things.

When it comes to betting on yourself... you're a chicken-livered coward if you hesitate.

Selfishness corrodes. Unselfishness ennobles, satisfies. Don't put off the joy derivable from doing helpful, kindly things for others.

Thomas Edison reads not for entertainment but to increase his store of knowledge. He sucks in information as eagerly as the bee sucks honey from flowers. The whole world, so to speak, pours its wisdom into his mind. He regards it as a criminal waste of time to go through the slow and painful ordeal of ascertaining things for one's self if these same things have already been ascertained and made available by others. In Edison's mind knowledge is power.