If I owned any of these Hot New Issues that have doubled, tripled, quintupled or umptupled within days and in some cases hours after they were issued, I most certainly would grab my fabulous windfall, thank my lucky stars and invest the money. It's utter nonsense to think any newly issued stock is really worth two, ten or 20 times the [offering] price.... A management so stupid as to sell shares [cheap], and an underwriter so obtuse as not to discern the real value, together would provide reason enough for a sensible man to get rid of his shares.

Enlightening editorial writers is even more difficult than educating educators.

A gun in the hand is worth any number being tested.

A little while ago I visited Omaha Beach for the second time in my life. In the intervening 26 years, nearly 20,000 tides had come and gone and little remains visible of the greatest military landing in man's history of endless warring. What's to be seen is mostly in a superb museum and a panoramic cemetery. The cemetery memorializes with dignity and grandeur the event and the dead, and moves one deeply. Before they die less precipitously and/or in lesser purpose, Americans who can should visit World War II's Normandy Beach. Such seeing and remembering helps a man's perspective.

Some people as a result of adversity are sadder, wiser, kinder, more human. Most of us are better, though, when things go better. Knowing when to keep your mouth shut is invariably more important than opening it at the right time. Always listen to a man when he describes the faults of others. Often times, most times, he's describing his own, revealing himself.

There is never enough time, unless you're serving it.

Anyone who says businessmen deal in facts, not fiction, has never read old five-year projections.