The smart ones ask when they don't know. And, sometimes, when they do.

When young, you're shocked by the number of people who turn out to have feet of clay. Older, you're surprised by the number of people who don't.

There's one post-Christmas chore I love-writing thank-you letters.... Lots of companies for many reasonable reasons, I guess, have a policy against sending even Christmas cards, never mind things, at Christmastime. But our clan gets a big kick out of opening the Warner-Lambert box containing an assortment of their wares; we argue over which of the boys is to get the Union Oil Co. necktie [and] all the holiday long we play the marvelous Christmas music sent by Goodyear.... None of these things means that Forbes or Forbeses have been had. But all of us like being thought of.

Once in a while there's wisdom in recognizing that the Boss is.

Retirement kills more people than hard work ever did.

People who never get carried away should be.

Why, just a couple of economic seasons ago, was idle cash considered an indication of bad management or lazy management? Because it meant that management didn't have this money out at work ... Now look. Presto! A new fashion! Cash is back in! Denigrating liquidity has dropped quicker than hemlines. A management is now saluted if it has some cash, some liquidity, doesn't have to go to the money market at huge interest rates to get the wherewithal to keep going and growing. Along with Ben Franklin, my father and your father would understand and applaud this new economic fashion.