All too often we say of a man doing a good job that he is indispensable. A flattering canard, as so many disillusioned and retired and fired have discovered when the world seems to keep on turning without them. In business, a man can come nearest to indispensability by being dispensable in his current job. How can a man move up to new responsibilities if he is the only one able to handle his present tasks? It matters not how small or large the job you now have, if you have trained no one to do it as well, you're not available; you've made your promotion difficult if not impossible.

Those who enjoy responsibility usually get it; those who merely like exercising authority usually lose it.

Occasionally indulging in a do-nothing day is more than worth the price.

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.

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.

Speculator: One who bought stocks that went down.

SM is an abbreviation of both stock market and sadomasochism-- and there are those who think they are one and the same.