PASS IT ALONG
"Gold is good only for filling teeth and gilding picture frames. The fun is in the striving and not in the arriving. Money earned is of no use until it is usefully invested or given away."
Babson, Roger W. Actions and Reactions: An Autobiography of Roger W. Babson. New York: Harper & Brothers Publisher, 1950. (p. 167)
A shrewd businessman, a cautious investor, and a strong advocate of the profit motive, Roger Babson became a wealthy man, but he consistently argued that business needs more than a profit motive. “To feel right,” he said, “one must know that his labors are making people healthier, happier, and more prosperous.” A true New Englander, he had a Yankee sense of social responsibility that was reflected in all his endeavors. He summed it up in a simple motto he adopted for his own: “Pass it along.” To Roger Babson, that meant sharing prosperity, wisdom, and good fortune. As a businessman, he sought to protect investors, promote public health and hygiene, and prevent the loss of life and property to fire. An early advocate of “industrial democracy,” he experimented with various profit sharing plans. As a citizen, an active churchman, and a Presidential candidate he worked for a stable economy, world peace, a revitalized church, and a healthy, prosperous nation. In nearly fifty books, hundreds of newspaper and magazine articles, and thousands of speeches and lectures he tried to pass along what he had learned about practical economics, success, and virtue. He and his family founded three colleges to do something for youth in general. In everything he did, Roger Babson tried to pass a better world along to posterity. “The deepest satisfaction,” he said, “has come from the feeling that something definite, valuable, and lasting is being accomplished.” Pass it along.