Invest in Your Own Company, Not Tax Shelters

“ADVICE: Ifyou are a business executive in a growth company forget about cattle, oil wells, and other tax-saving investments. Put your capital in your own company and leave it there. Ifyou andyour associates do a goodjob you'll be far better off in the long run than ifyou had diverted time and money to a venture in which you would be an absentee owner.”

“ADVICE: Just because you have been extremely successful in an industry in one part of the country, don't assume it will be equally easy to succeed in some other area. Check very carefully the price structure and all other elements of the business before you commit an investment in another area in a business in which you have been successful elsewhere.”