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The highest use of capital is not to make more money, but to make money do more for the betterment of life.

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A business that makes nothing but money is a poor business.


Money is only a tool in business. It is just a part of the machinery. You might as well borrow 100,000 lathes as $100,000 if the trouble is inside your business. More lathes will not cure it; neither will more money. Only heavier doses of brains and thought and wise courage can cure. A business that misuses what it has will continue to misuse what it can get.


Nothing can be made except by makers, nothing can be managed except by managers. Money cannot make anything and money cannot manage anything.


Speculation is only a word covering the making of money out of the manipulation of prices, instead of supplying goods and services.


I always invest my own money in the companies that I create. I don't believe in the whole thing of just using other people's money. I don't think that's right. I'm not going to ask other people to invest in something if I'm not prepared to do so myself.


I told all of our original investors that they would lose their money for sure.