Official Website of Renowned Businessman & Philanthropist

Waite Phillips Epigrams

Quotes & Business Inspirations
Waite's Story

As a young man, Waite Phillips traveled across the American West looking for adventure. He landed in the middle of an oil boom in Indian Territory in 1906, the year before Oklahoma statehood. At first helping his older brothers, co-founders of Phillips Petroleum, Waite started his own oil business in 1914. In 1925, he sold the successful Waite Phillips Company for the astounding sum of $25 million.

Waite and his wife, Genevieve, then built two homes for themselves and their two children: Villa Philbrook in Tulsa, Oklahoma and Villa Philmonte near Cimarron, New Mexico. 

The couple, who was deeply committed to enriching their communities, gave generously to churches, hospitals, universities, and community funds. Beginning in 1938, they took an even more profound step: they gave away their two beloved homes. Genevieve and Waite Phillips donated Villa Philbrook to be an art museum for the community of Tulsa, and they gave Villa Philmont and the Philmont Ranch to the Boy Scouts of America.

Today Philbrook Museum of Art and Philmont Scout Ranch continue to be vital to their communities and reflect the great foresight and enduring generosity of Genevieve and Waite Phillips.


“Two important factors are essential in work of any kind; Get it done right and on time, but never sacrifice right for time.”

“The only things we keep permanently are those we give away.”

“Procrastination is an expensive habit.  It is responsible for many failures that otherwise would be successes.”

—Waite Phillips



Tulsa, Oklahoma

Waite's 17 Business Rules
  1. Carefully examine every detail of your business.
  2. Be prompt in everything.
  3. Take time to consider, then decide quickly.
  4. Bear your troubles patiently.
  5. Maintain your integrity as a sacred thing.
  6. Never tell business lies.
  7. Make no useless acquaintances.
  8. Never try to appear to be something more than you are.
  9. Pay your debts promptly.
  10. Learn how to risk your money at the right time.
  11. Shun strong liquor.
  12. Employ your time well.
  13. Do not reckon on chance.
  14. Be courteous to everybody.
  15. Never be discouraged.
  16. Practice orderliness, thoroughness, concentration, and patience.
  17. Then work hard and you will succeed.
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