Business Blunders And Booby Traps

April, 1961

Business Blunders and Booby TrapsEveryone makes mistakes. Businessmen, young or old, are no exceptions to this rule. And neither am I. Like most people, I'd much prefer to have the memories of my mistakes fade quietly into oblivion, but there are many I cannot forget. Among them are three monumental blunders I shall always remember.The first dates back to the days when I was a tyro wildcatting operator in the Oklahoma oil fields. Buying the oil lease on a property located in an area later known...