Pamphlets and Clippings in a Business Library
Description:... Excerpt from Pamphlets and Clippings in a Business Library
A New York bank, in one of its recent advertisements said: "Business judgment involving millions must be founded on facts... Hasty judgment based on insufficient knowledge may cause widespread disaster."
The most successful business men of today are those who study the facts of their business, who study their trade papers and learn what other people are doing. It is the absence of accurate data, of complete knowledge, of planning supported by facts that cause disaster to enterprises that are launched without sufficient knowledge and not founded on facts. Any action is a gamble unless reinforced by exhaustive information and that information must consist, not only of precedent, but also of the experiences, experiments and discoveries of others in the specific field under consideration. A successful business man must gather these facts from original sources. The entire available field of information must be raked for facts applicable to the business needs of the individual business man or organization.
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