There is the general belief that the corporation income tax is a tax on the "rich" and on the "fat cats." But with pension funds owning 30% of American large business-and soon to own 50%-the corporation income tax, in effect, eases the load on those in top income brackets and penalizes the beneficiaries of pension funds.

Knowledge applied is productivity.

Shoes are real. Money is an end result.

The dilemma of modern society: the conflict between the need for capital formation at a high rate and the popular condemnation of interest and dividends as "unearned income" and "capitalist," if not as sinful and wicked.

Strategy is a commodity, execution is an art.

The aim of marketing is to make selling superfluous.

[Entrepreneurship] is by no means hunch or gamble. But it also is not precisely science. Rather, it is judgment.