Presence is more than just being there.

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.

Knowing when to keep your mouth shut is invariably more important than opening it at the right time.

Unconsciously I had discovered the commentator's secret weapon-that so long as you can wield words, it isn't necessary to know what you're talking about.

Will this massive outcry [about pollution] continue long enough to have effective results? Will federal and state laws be enacted with effective enforcement clauses? Will people be concerned long enough to pay the bill through higher prices? Will towns tole lost jobs when it proves too costly to clean obsolete plants?... I think so, but it sure won't be as easy as the present outcry and political oratory suggest. The answers to preserving a livable environment are not all simple, and some of the nuts now pushing simplistic cure-alls won't help bring about any lasting solutions.

Things there are no solution to: Inflation, bureaucracy & dandruff.

Few businessmen are capable of being in politics, they don't understand the democratic process, they have neither the tolerance or the depth it takes. Democracy isn't a business.