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Enduring Investments | By Roger W. Babson



This little book is made up largely from notes which the writer jotted down from time to time after experiences of one sort or another. Some of the paragraphs are purely memoranda which he wrote at different periods for his own guidance, - in the form of a diary. Therefore, the reader can pardon the preaching appearance of the book by remembering that the author is preaching to himself.

TitleEnduring Investments
AuthorRoger W. Babson
PublisherThe Macmillan Company
Year1921
Copyright1921, The Macmillan Company
AmazonEnduring Investments

He also desires to acknowledge indebtedness to Clarence N. Stone, George E. Macllwain, Charles W. Wallour, Melvin L. Morse, and other of his associates for help in the preparation of the book.

These men are all experts of the Babson Statistical Organization, and in a way the book is a composite opinion of us all.

R. W. B. Wellesley Hills, Mass.

May, 1921.

-Part I. Chapter I. Habit And The Accumulation Of Money
This is an economic discussion of the sources, uses, abuses, and dangers of wealth. Different forms of stock and bond investments are considered with their relative degree of endurance. Hard work, h...
-Habit And The Accumulation Of Money. Part 2
Determination Not To Be Beaten Thrift is not the only good habit to which many men owe their wealth. Another habit is the determination on the part of some not to be beaten and not to have advantage ...
-Habit And The Accumulation Of Money. Part 3
Money To Do Good With The fact that so many successful men are the sons of ministers is very interesting to the statistician. This is especially significant when one considers that there are fewer mi...
-Chapter II. When Money Ceases To Be Of Value
Although not the founder of the Christian religion, a man to whom it owes much was that great traveler, lecturer, and writer named Paul of Tarsus. While other inspired teachers spread the gospel messa...
-When Money Ceases To Be Of Value. Continued
Our Family Needs Most of us love our children more than anything else in the world. After the final analysis, it is our children that we have most at heart and for whom we would give up everything el...
-Chapter III. Riches Are Not Wrong
No; riches are not wrong. There is no greater mistake in the world than to denounce capital as something evil in itself. Whiskey is inherently a curse. Smallpox is an unalloyed scourge. These things a...
-Riches Are Not Wrong. Continued
Capitalists Are Not Spendthrifts You have probably been present at various gatherings where amateur Bolshevists made speeches. You have heard rich men scolded or damned. The capitalist is portrayed a...
-Chapter IV. Riches Are Dangerous
Although riches are not wrong, they are, nevertheless, dangerous. They are dangerous to the man himself, dangerous to his family, dangerous to his community. Wealth is a danger to the man himself whe...
-Riches Are Dangerous. Continued
Riches Not A Passport To Heaven It is true that many church men are already too keen for material things. The church is now too much allied with property, wealth, and prosperity. Money has its place,...
-Chapter V. Men Versus Goods
The real great question facing America is, what is the purpose of America? Why was America founded and what is America's mission? Does the strength of America lie in the developing of material things ...
-Men Versus Goods. Continued
Property Protected; People Not On my way home I went through Cambridge. On the corner of a street was a group of people. It was necessary to slow up my automobile, owing to the congestion. I inquire...
-Chapter VI. Getting Something For Nothing
A lifetime of work with investors has impressed me with the prodigious losses that result from the trying to get something for nothing in the realm of speculation and investment. Everybody is complain...
-Getting Something For Nothing. Continued
Will You Pay The Price? Many a man in business is eager to put persons above things, but is not willing to pay the price. He is not willing to reorganize his sweatshop or his sweat-store so that huma...
-Chapter VII. Retiring From Business
One of the world's greatest manufacturers of automobiles puts in the hands of each owner a book of instructions. In a prominent place in this book, is printed in boldfaced type the following impressiv...
-Retiring From Business. Part 2
Retiring And Reforming There is another side to this question of retirement, more significant than the personal phase. It refers to and includes a certain type of business man to whom retire spells...
-Retiring From Business. Part 3
Build A Business Worthy Of Yourself The other basic attitude strictly and perpetually identifies the man with his business. For better or for worse he is to be judged by the work of to-day. There is ...
-Part II. Chapter VIII. Methods Of Piling Up Profits
In this second part another slant is given to the word enduring. Instead of stock and bond investments, human souls, Christian educational institutions, and various forms of benevolences are emphasize...
-Methods Of Piling Up Profits. Part 2
The Source Of Happiness Happiness comes from within, not from without. It cannot be purchased. On the contrary - as has already been shown - the very means taken to acquire profits often prove fatal ...
-Methods Of Piling Up Profits. Part 3
Speculation Legitimate No one respects the man who hangs around stock exchange offices and scalps quarters and eighths; no, not even for the man who buys stocks this week and sells them next week or ...
-Chapter IX. Society's Right To Our Wealth
In the last analysis it is difficult to give anything to anybody else. It is perfectly simple, of course, to put your hand in your pocket and take out $10 and give it to another man. After you have do...
-Chapter X. Profit Sharing Versus Benevolences
The rich man's supreme duty is to keep in motion the machine by which he has made his wealth. This involves a continuation of the flow of profits. What is the man to do with these profits? There are ...
-Profit Sharing Versus Benevolences. Continued
Gifts Versus Debts On the other hand, the advantage of distributing profits to one's employees is that this distribution may be made to take the form of a reward for exceptional merit. In this sense ...
-Chapter XI. What Shall We Do?
The question of enduring investments is not altruistic. It is rather the problem of getting the most out of this old world which we go through but once. We know from experience, that the greatest happ...
-What Shall We Do?. Continued
Religious Education Religion, like everything else of value, must be taught. It is possible to get more religion in industry and business only through the development of religious education. With the...
-Chapter XII. Developing A Prosperity Which Endures
Statistics show that the industrial life of America was launched in Quebec, New England, New York, Pennsylvania, Maryland, and Virginia, and that groups of religious enthusiasts - both Protestant and ...
-Developing A Prosperity Which Endures. Part 2
If Labor Is Wealth If labor is the basis of all wealth, the country surely ought to be very rich during a business depression. Then there is much surplus labor available. Millions of persons are then...
-Developing A Prosperity Which Endures. Part 3
Enduring Versus Temporary Banking The development of a nation is similar to the development of an individual, best exemplified by the life of a primitive man in a primitive community. As a youth he i...
-Developing A Prosperity Which Endures. Part 4
Three Essentials To Enduring Prosperity As food, clothing, and shelter were once the three essentials of the primitive community, so fuel, transportation, and the direction of credit have now become ...
-Chapter XIII. Need Of Educational Reform
Before our investments can be enduring, our educational system in America must be entirely reformed. Moreover, this applies to investments in the broadest and most vital sense; that is, investments in...
-Need Of Educational Reform. Part 2
Civics And Education The second requisite for educational systems, if our investments are to endure, is practical instruction in civics and constitutional government. Certain very commendable work is...
-Need Of Educational Reform. Part 3
English And Education The fourth essential to an educational system which will make our investments enduring is better instruction in English literature. At first thought it seems that English instru...
-Need Of Educational Reform. Part 4
Part-Time Systems Educators say that it is necessary to string out a young person's education over a large number of years. They insist that to teach the fundamental principles above suggested would ...
-Need Of Educational Reform. Part 5
Three Underlying Principles This educational institution should not attempt to give the same detailed information courses as are given in colleges. The ambitious man can be depended upon to have been...
-Chapter XIV. A Personal Confession
One Saturday night I returned from what most people would have called a very successful two months' trip. I had been given luncheons by the leading Chambers of Commerce of the country and had spoken t...
-A Railroad Lesson
Once I spent Sunday at the home of a famous railroad president. It was a wonderful great stone mansion in which he and his wife lived alone in a wealth of servants. There was a servant for this and ...









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