To my mind, the best investment a young man starting out in business can possibly make is to give all his time, all his energies, to work - just plain, hard work.
Charles M. SchwabRead
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.
Interpretation
What this quote means
Modern progress is driven by efficient work, and recovery relies on collective effort and discipline.
This quote highlights the essential connection between labor efficiency and societal advancement. Charles M. Schwab suggests that true prosperity can only be achieved when individuals collectively commit to diligence and frugality, emphasizing that progress is not solely the result of innovation but requires a strong work ethic from everyone.
Themes
EfficiencyLaborProsperityThriftHard WorkProgress
In practice
Example use cases
In a motivational speech about workforce productivity.
More from Charles M. Schwab
All quotes →We hear much of Bolshevism, much of labor unrest; at times, we hear the word 'revolution.' But these are but contagious diseases in the body of civilization, and I believe that the antitoxins of good cheer, mutual confidence, fairness and justice will ultimately cure these ills and make the world healthy and strong again.
Charles M. SchwabRead
Lead the life that will make you kindly and friendly to everyone about you, and you will be surprised what a happy life you will lead.
Charles M. SchwabRead
There is nothing a worker resents more than to see some man taking his job. A factory can be closed down, its chimneys smokeless, waiting for the worker to come back to his job, and all will be peaceful. But the moment workers are imported, and the striker sees his own place usurped, there is bound to be trouble.
Charles M. SchwabRead
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.
Charles M. SchwabRead
When a man has put a limit on what he will do, he has put a limit on what he can do.
Charles M. SchwabRead
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