If I Knew Then Advice on careers, finance, and life from Harvard Business School's Class of 1963

Peter J. Solomon

Mr. Solomon founded Peter J. Solomon Company in 1989. Previously, he was Vice Chairman of Lehman Brothers where he was Chairman of its Merchant Banking Division and Co-Chairman of the Investment Banking Division.

From 1978 to 1980, Mr. Solomon was Deputy Mayor of Economic Policy and Development in New York City under Mayor Edward I. Koch. He was also Chairman of the New York City Health and Hospitals Corporation. He served as Counselor to the U.S. Treasury in the Carter Administration in 1980.

Life's Lessons

Good health beats everything else.
If you can build a good family, it is a blessing.
It is wonderful to sustain relationships with as many good friends as you can have.
An optimistic outlook and good luck are invaluable.

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Growing Older

I have become more of an existentialist, and have always thought a balanced life is essential — family, work, fun, travel, friends, civic involvement, charitable effort and support.

Life is a dissipating asset. Today, I view my life as a 20-year bond that may mature early. I better take care of the time.

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Business

I have made many mistakes. I don’t dwell on them. ‘Fess up to them reluctantly and move on quickly. It is the cover-up that always is fatal.

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