I was loaded with sheer ability, spelled i-n-h-e-r-i-t-a-n-c-e.

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.

How to fail: Try too hard.

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

The last thing you do the best is what you have the most joy doing.

Victory is sweetest when you've known defeat.

I hope a start at getting some oil out of the enormous Alaska field isn't indefinitely mired in a bureaucratic morass as a result of our national concern for the ecology. This concern must not be so misguided, misdirected, misused that it serves to stop economic growth, to bankrupt companies, to stifle new development, new jobs, new horizons. In fighting new pollution and stemming present pollution, exciting, sometimes costly means and methods exist and others will evolve. But blanket legislative naysaying to expanding power and energy sources is stupid, self-defeating.