"THE MAN WHO IS UNBEATABLE 
This was true, too, of J. P. Morgan—the 
founder of the House of Morgan. As a 
financier, it has been pointed out that he made 
mistakes. He was a bad buyer, for instance. 
He usually paid too much. He was so auto- 
cratic that he alienated many people. But 
whenever there was a Wall Street crash, he 
took control. He was never afraid. Always, in 
a time of danger, he was the Old Leader of the 
herd. He was unbeatable. 
Of all our national heroes, no one stands 
higher than Nelson. His statue stands high 
in Trafalgar Square, and we always glance at 
it with pride. Again and again he fought his 
sea battles against fleets that were larger than 
his. He never thought of the odds. He only 
thought of attacking. 
He did not deploy. He did not wait until 
he had an advantage. He had never heard of 
‘““ Safety First” as a slogan of the British 
Navy. He lost his arm. He lost his eye. He 
lost his life, but to his last breath he urged his 
ships to attack. If he had been left with nothing 
but a raft and a club, he would have fought on. 
He was unbeatable. 
There are a few men who are possessed of 
what we might call *‘ instantaneous courage.” 
It is as valuable in business as it is in war. It 
2Q