Charles M Schwab Quotes

Concentrate and think upon the problem in mind until a satisfactory conclusion is reached, and then finally go ahead. If you have made a mistake, all right. Never find fault with a man because he has made a mistake. It is only a fool that makes the same mistake the second time.
Did you ever stop to think that a great man in life who has won great acclaim and great reputation is the very man who is willing to share and give the honor to others in the doing of things that made him great?
Fundamentally, the basis of all modern progress is the efficiency of labor. And the only sure road to restored prosperity is through the thrift and hard work of our people as a whole.
Here I am, a not over-good business man, a second-rate engineer. I can make poor mechanical drawings. I play the piano after a fashion. In fact, I am one of those proverbial Jack-of-all-trades who are usually failures. Why I am not, I can't tell you.
I am one of those men who believes that the best workingman ought to have the best pay.
I became interested, through reading the works of some novelist, in Egyptology and made a study of the pyramids. It was just a hobby, but I had a desire to know all I could about everything I could.
I consider my ability to arouse enthusiasm among men the greatest asset I possess. The way to develop the best that is in a man is by appreciation and encouragement.
I disagreed with Carnegie's ideas on how to best to distribute his wealth. I spent mine! Spending creates more wealth for everybody.
I find my greatest happiness in thinking of those days in Homestead when I labored to bring a thing to perfection entirely by myself. In the evenings, I would go into the hills and look down on my work, and I knew that it was good, and my heart was elated.
I have always believed that the aristocracy of any country should be the men who have succeeded - the men who have aided in upbuilding their country - the men who have contributed to the efficiency and happiness of their fellow men.
I mention the need of cooperation and confidence among the men who work, no matter what may be their relative ranks, because it is the vital factor underlying everything. Only as we are willing to work today, work as we never have worked before, will civilization survive.
If I were asked to say the most important things that lead to a successful life, I should say that, first of all, was integrity - unimpeachable integrity.
If you are going into any manufacturing establishment, don't go there by reason of any influence you may have. Start upon your own merits, and start in some lowly position, no matter what it is. Be a laborer, if you will. I don't know but that is the best way to start.
I'm making better than two million a year, but it's hard work. The luxuries and pleasures I enjoy in my spare time keep me in condition to do that work. Carnegie and Frick have more money than I have, but I'm getting more value for my dollars than they are.
In my own house, I rigged up a laboratory and studied chemistry in the evenings, determined that there should be nothing in the manufacture of steel that I would not know.
In our works at Bethlehem and San Francisco, and all over the United States, I adopted this system: I pay the managers practically no salary. I make them partners in the business, only I don't let them share in the efforts of any other man.
In the long run, no nation can prosper unless the world prospers.
Labor should be recognized as entitled to consult with management in the mutual interest. Labor cannot be driven, and business cannot be successful unless the men employed in it are enthusiastic and loyal. That loyalty cannot be obtained with a big stick; it must be based upon fair dealing and sympathy.
Let us suppose you become a craneman. Suppose you become a clerk in a lawyer's office. Give the best that is in you. Let nothing stand in the way of your going on.
Make your employer feel truthfully that you are sincere with him; that you are going to promote his interest; that you are going to stand for the things which he represents; that you are proud of being a member of his staff, and there is nothing that will reap you a richer reward. Loyalty above all!
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AuthorName
Charles M. Schwab
Profession
Businessman
BirthDate
18 February, 1862
DeathDate
18 October, 1939
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