Quotessence
Home / Authors / Malcolm Forbes
Malcolm Forbes

Malcolm Forbes Quotes

Publisher

Filter quotes by topic

Famous Malcolm Forbes Quotes

“If I owned any of these Hot New Issues that have doubled, tripled, quintupled or umptupled within days and in some cases hours after they were issued, I most certainly would grab my fabulous windfall, thank my lucky stars and invest the money. It's utter nonsense to think any newly issued stock is really worth two, ten or 20 times the [offering] price.... A management so stupid as to sell shares [cheap], and an underwriter so obtuse as not to discern the real value, together would provide reason enough for a sensible man to get rid of his shares.”

“Several weeks of summer vacation in the Thirties I spent working at $15 a week in the FORBES office.... I worked in the mail cage, where envelopes were slit and subscription payments extracted. Dad used to come pounding down the office aisle and pause long enough to ask, How much today? Inevitably the answer was inadequate-except once. That day the controller said excitedly, Mr. Forbes, the ledger shows a slight profit this month! ... My father turned to him and said, Young man, I don't give a damn what your books show. Do we have any money in the bank?”

“Will this massive outcry [about pollution] continue long enough to have effective results? Will federal and state laws be enacted with effective enforcement clauses? Will people be concerned long enough to pay the bill through higher prices? Will towns tole lost jobs when it proves too costly to clean obsolete plants?... I think so, but it sure won't be as easy as the present outcry and political oratory suggest. The answers to preserving a livable environment are not all simple, and some of the nuts now pushing simplistic cure-alls won't help bring about any lasting solutions.”