Charles M. Schwab

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.

There is no royal road to a successful life, as there is no royal road to learning. It has got to be hard knocks, morning, noon, and night, and fixity of purpose.

A man, to carry on a successful business, must have imagination. He must see things as in a vision, a dream of the whole thing. A man can cultivate this faculty only by an appreciation of the finer things in life.

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.

When you start in life, if you find you are wrongly placed, don't hesitate to change, but don't change because troubles come up and difficulties arise. You must meet and overcome and conquer them. And in meeting and overcoming and conquering them, you will make yourself stronger for the future.

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.