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Quote by Malcolm Forbes

Author

Malcolm Forbes
Malcolm Forbes

Malcolm Forbes was an accomplished publisher, best known for his leadership of Forbes magazine, a globally renowned business and finance publication. Under his tenure, Forbes magazine was transformed into a global brand. more

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“All too often we say of a man doing a good job that he is indispensable. A flattering canard, as so many disillusioned and retired and fired have discovered when the world seems to keep on turning without them. In business, a man can come nearest to indispensability by being dispensable in his current job. How can a man move up to new responsibilities if he is the only one able to handle his present tasks? It matters not how small or large the job you now have, if you have trained no one to do it as well, you're not available; you've made your promotion difficult if not impossible.”

“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.”

“One cannot walk into an April day in a negative way. With spring, each man's plans and hopes result in new efforts, fresh actions. All of which has a mighty important bearing on the economy. There are those of us who think that the psychology of man, each and together, has more impact on markets, business, services and building and all the fabric of an economy than all the more measurable statistical indices.”