QUOTE OF THE DAY

QUOTE OF THE DAY

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Quote of the Day on 25th June 2018 by Malcolm Stevenson Forbes.

Quote of the Day

Quote of the Day on 25th June 2018 by Malcolm Stevenson Forbes.

Malcolm Stevenson Forbes (19 August 1919 – 24 February 1990) was an American entrepreneur most prominently known as the publisher of Forbes magazine, founded by his father B. C. Forbes. He was known as an avid promoter of capitalism and free market trade, and for an extravagant lifestyle, spending on parties, travel, and his collection of homes, yachts, aircraft, art, motorcycles, and Fabergé eggs.
Forbes was born on 19 August 1919 in Englewood, New Jersey, the son of Adelaide Mary (Stevenson) and Scottish-born financial journalist and author B. C. Forbes. He graduated from the Lawrenceville School in 1937 and Princeton University.Forbes enlisted in the Army in 1942 and served as a machine gunner in the 84th Infantry Division in Europe, rising to the rank of staff sergeant. Forbes received a thigh wound in combat, and received a Bronze Star and a Purple Heart.He committed to the magazine full-time by 1957, three years after his father’s death. After the death of his brother Bruce Charles Forbes in 1964, he acquired sole control of the company.The magazine grew steadily under his leadership, and he diversified into real estate sales and other ventures. One of his last projects was the magazine Egg, which chronicled New York’s nightlife. (The title had nothing to do with Forbes’s famous Fabergé egg collection.) To honor his contribution to the magazine, Forbes won the Walter Cronkite Award for Excellence in Journalism in 1989. Forbes was married for thirty-nine years to Roberta Remsen Laidlaw before their divorce in 1985. The couple had five children: Malcolm S. Jr., Robert Laidlaw, Christopher Charles, Timothy Carter, and Moira Hamilton. Malcolm S. Forbes Jr., known as Steve, ran for president in 1996.
Forbes died in 1990 of a heart attack at age 70, at his home, Timberfield, in Far Hills, New Jersey.He was pronounced dead by his friend and physician, Dr. Oscar Kruesi, said Don Garson, director of corporate communications for Forbes Inc. In March 1990, soon after his death, OutWeek magazine published a story with the cover headline “The Secret Gay Life of Malcolm Forbes,” by Michelangelo Signorile, which outed Forbes as a gay man. Signorile was critical of the media for helping Forbes publicise many aspects of his life while keeping his homosexuality a secret. The writer asked, “Is our society so overwhelmingly repressive that even individuals as all-powerful as the late Malcolm Forbes feel they absolutely cannot come out of the closet?”Even in death, the media was reluctant to disclose his sexuality; the New York Times would refer only to him as a “famous, deceased millionaire”while reporting on the controversy. Since Malcolm Forbes’ death, his son Steve Forbes has been editor-in-chief but the business is no longer family-controlled.Donald Trump, in his 1990 memoir Trump: Surviving at the Top, alleged that his temporary removal from the Forbes 400 in the year Forbes died was due to a feud that had arisen after Trump had not allowed Forbes to bring “two young men who appeared to be well under the legal drinking age” into the bar at the Plaza Hotel. Trump stated that Forbes “lived openly as a homosexual… but expected the media and his famous friends to cover for him.”

IMPORTANCE OF INSPIRING QUOTE OF THE DAY IN DAILY LIFE

QUOTE OF THE DAY: Inspiration can come from anywhere, but one of best sources is inspirational quotes. Quotation is a handy thing to have about, saving one the trouble of thinking for oneself, always a laborious. Inspirational quotes are important because they activate an emotional pulse point in our hearts and minds when we are in a distressing situation. The right quote can help us to see light at the end of the tunnel, and give us that extra burst of hope and courage to persevere.

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