A’s Reviews > Personal History > Status Update

Even recognizing how far the paper had come from the weck my father bought in 1933, what we owned in 1948 still looked pretty fragile. As Phil said, "We were sitting in a leaky boat. The paper...had practically no assets and had begun to repeat a familiar pre-war habit of losing money." Our hold on the Post and its future was precarious. (183)

Dad "What parents may sometimes do.. is to point out certain principles of action. I do not think I would be helpful in advising you too strongly.. I have so much confidence in your having really good judgment. I believe that what I can do for you once in a while is to point out certain principles.. as sound and practical, leaving it for you yourself to apply them if your own mind grasps and approves the principles."