The more I move among workers and factories and other plants, the stronger I become convinced that it is advisable to have as [a company] president a practical man, preferably one who has risen from the very bottom of the ladder. Workmen, I find, have far more respect for such men than for collar-and-cuff executives knowing little or nothing about the different kinds of work which have to be done by the workers. Wherever circumstances call for placing a financier or lawyer or a papa's son at the head of a large organization, he should be made chairman or some other title, but not president.

The bargain that yields mutual satisfaction is the only one that is apt to be repeated.

The man who works 52 weeks in the year does not do his best in any one week of the year, Daniel Guggenheim, onetime head of the greatest smelting and mining family in America, impressed upon me. Real recreation quickens aspiration. The true purpose of recreation is not merely to amuse, not merely to afford pleasure, not merely to kill time, but to increase our fitness, enhance our usefulness, spur achievement.

If you don't drive your business, you will be driven out of business.

Enthusiasm is the electric current that keeps the engine of life going at top speed. Enthusiasm is the very propeller of progress.

Our future and our fate lie in our wills more than in our hands, for our hands are but the instruments of our wills.

I resolve for 1920 to sit down all by myself and take a personal stock-taking once a month. To be no more charitable in viewing my own faults than I am an viewing the faults of others. To face the facts candidly and courageously. To address myself carefully, prayerfully, to remedying defects.