Product Description
Moreover, if any man is to win in this world, as a manufacturer, merchant or investor, he must be willing to "buck" the crowd and do what the other ninety-nine fellows are not doing. It is in this spirit that Babson urges manufacturers to contract during times of abnormal prosperity and to extend their plants during periods of depression; while investors are urged to liquidate during booms when everyone is advising purchases, and muster courage to buy securities during pessimistic days when almost everyone is bearish.
Babson believes that those who follow his suggestions will be richly repaid for their efforts.
About the Author
In June 1919 Roger Babson announced the establishment of a school of business administration to provide not only practical but also ethical training for young men wishing to become business executives. On September 3, 1919, with an enrollment of 27 students, the Babson Institute (renamed Babson College in 1969) held its first classes. Today the college is recognized as one of the premier schools in the country for the training of entrepreneurs.
