American entrepreneur, statistician, and
author ROGER WARD
BABSON (1875-1967) founded Massachusetts' Babson College, in
1919, and the state's Gravity Research Foundation in 1948. A prolific writer
who explored a wide variety of topics; his books include,
The Future of the
Churches,The churches have the
only solution to the problems of to-day. The future of America and the entire world
is bound up with the future of the churches; but the churches are not in a
position to-day to handle their product. They do not even know what that product
is, let alone how to apply it. Hence, the first step for the churches in order to
regain their power, is the organization of a great central, scientific institution,
operated by the churches and for the churches which shall be to the churches of
America what the constitutional convention of 150 years ago was to the government
of the United States.
The Fundamentals of Prosperity,
Religion and Business,
and
Gravity: Our Enemy No. 1.
Keep in mind that neither success nor failure
is ever final.
Let him who would enjoy a good future waste
none of his present.
It takes a person who is wide awake to make
his dream come true.
Babson's Ten Commandments of Investing
1.
Keep
speculation and investments separate.
2.
Don't
be fooled by a name.
3.
Be
wary of new promotions.
4.
Give
due consideration to market ability.
5.
Don't
buy without proper facts.
6.
Safeguard
purchases through diversification.
7.
Don't
try to diversify by buying different securities of the same company.
8.
Small
companies should be carefully scrutinized.
9.
Buy
adequate security, not super abundance.
10. Choose your dealer and buy outright
(i.e., don't buy on margin.)
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