My father entered Williams College in Williamstown, Massechusetts, in September 1931. The United States was entering the downswing of a small uptick at the beginning of what would be the worst industrial depression in history.
My father had an unemployed father (a former skilled tool-and-die maker) and a mother who worked as a sales clerk at a department store in Schenectady, N.Y. He had no money, no financial reserves, no social connections.
He told me of many jobs while he was at Williams, but one stays in my memory a dozen times a day, especially when I am working by traveling through a dismal, endless security line or waiting in a line to check into a hotel or noticing that my bed in my new hotel has a ripped sheet and is next to a noisy air-conditioner.
My father had a job thanks to a kindly man named Taylor Ostrander at a fraternity called Sigma Psi. My father's job was to wash dishes in the basement of the frat house as the other boys finished their lunches and dinners. (One of the boys, Richard Helms, went on to be director of the C.I.A., but that's another story.) He toiled down there at a huge sink, with steam rising and detergent getting on his unimaginably soft hands. He wore a stocking cap to keep his already curly hair from going crazy.
It was the 1930's, and Jews weren't allowed in any fraternity at Williams. Many years later, maybe in the 1980's, by which time my father had become a major economist and public policy discussant, I asked him if he felt angry about having to wash dishes to pay his way through school in a fraternity that didn't admit Jews. "Not at all," he said. "I didn't have the luxury of feeling aggrieved. I was just grateful to have a job so I could go to one of the best schools in the country."
I think that this was the secret ingredient - aside from astonishing intelligence and versatility - in my father's success and happiness. He did not feel that he had the luxury of feeling aggrieved. He was just grateful to have a chance. Or, I can say, he was grateful for the opportunities he had been given. I think about this in other situations, too. A few days ago, on a United Airlines flight from San Francisco to Denver, a group of flight attendants gathered near my seat in the last row of first class. One was either wearing or displaying a perfume I was allergic to, and I went into a wild asthmatic attack in which I could simply not breathe for an uncomfortable amount of time.
When I revived, I thought of lodging a complaint and throwing a fit. But then I thought: "Well, these poor people. Think of what United employees are going through. I am just grateful I have a job. Why torture them any more than they are already tortured?"
I was on my way to another job. I got to the next stop in my journey, Baltimore, and my driver could not recall where he had left the car. We had to have the airport police find it for us. He also did not know his way from Baltimore to Washington. (I am not kidding.) Exhausted as I was, I had to guide him all of the way. Never mind. I was grateful that I was in a car with a driver and on my way to a superimportant gig. This man was probably about where my father was in 1931. I decided not to pick on him.
Now, I have found that I cannot predict the stock market except over very long periods. I cannot tell you when the housing bubble will burst - only that it will burst. I cannot tell you when the dollar will stop rallying - only that it will stop. So I cannot tell you anything that, in a few minutes, will tell you how to be rich.
