A Graduation Speech

Email Print

I have two major unfulfilled goals in life. First, I want to get
an article published in the Reader’s Digest. Any article
will do. Second, I want to give a speech at the graduation ceremony
of my high school. I could probably have done this in 1959 —
I was student body president and the best stand-up comic on campus
— but I decided not to. I now want to make up for lost time and
a lost opportunity.

So, on the outside possibility that some editor at Reader’s
Digest will read this and then decide to publish it, which
will then catch the attention of the principal of Mira Costa High
School, I have decided to give my speech here. (Note: “mira costa”
is not Spanish for “mired in costs.” The Spanish phrase for “mired
in costs” is “graya davisa.”)

Before I begin my speech, I want to take a quick survey. I direct
this question to the guests, not to the graduating seniors.

many of you recall clearly your high school graduation — I mean
before the all-night party?”

raise your hand.

Leave your hands up, please. Now I have a second question.

many of you recall anything from the speech delivered by the distinguished
orator who was brought in by your principal to inspire you on
gradation day?”

you don’t recall anything he said, put down your hand.

Now, for those of you who still have your hands raised, I have one
more question:

many of you were so inspired by a remark made by the distinguished
orator that it in some way shaped your life?”

you cannot think of anything, please put down your hand.

Now take a look around the stands. How many hands do you see?

Thank you for helping me conduct this important survey of public

Now for my speech. . . .


I want to thank Principal McCormack for inviting me to give this
graduation speech, a speech which I feel certain will inspire today’s
graduating seniors for the rest of their lives, as graduation speeches
invariably do, as we have just seen.

Anthropologists can tell you what high school graduation is: an
initiatory rite. It is a major point of transition which, for those
of you who will not go on to college, will mark your transition
officially to adulthood. For those of you who do go on to college,
high school graduation marks a major point of transition for your
parents: from borderline financial solvency to monthly panic. You,
on the other hand, can postpone your transition to adulthood for
another four years — or maybe even ten, if you follow my academic
path and go to graduate school.

But maybe you don’t think of yourself as an adult yet. Maybe you’re
wondering when the bell will go off that announces: “Adult here.
The world is now free to kick the daylights out of me.”

I know when the bell went off for me. Maybe you have heard a similar
bell. Maybe you didn’t recognize it for what it was. I’m here to
tell you: “That was it. It’s too late to turn back.”

I was fortunate. I heard that bell very clearly. Of course, in high
school, you hear a lot of bells, all day long. One of the marks
of your transition to adulthood is that you won’t have to listen
to these bells any more, unless you come back as a teacher. But
I’m talking about an internal bell. You will hear this bell more
and more as you grow older. I suggest that you pay attention to
it early, preferably the first time you hear it.

I can remember it with amazing clarity. It was the clearest bell
in my high school experience. I was sixteen years old, just about
to turn seventeen. I was a senior. It was election day. I was running
for student body president. It was lunch hour. I was in the same
room where I had been waiting, one year earlier, for the results
of another election. I had been running for president of the high
school honor society, the California Scholarship Federation. I had
won that election. One year later, I was wondering if I would win
this election, too.

It seemed to me that I had been waiting for the results of that
other election only a few weeks earlier. I my mind, the time had
been dramatically compressed. The other election had taken place
exactly one year earlier. I could date it easily, yet it seemed
so recent.

At that moment, my internal bell went off. To mix metaphors, it
hit me right between the eyes. Time was moving very fast. It wasn’t
just moving fast; it was moving like a freight train, and I was
caught on a trestle over the Grand Canyon. It was time to start

At that moment, I recognized how little time I had left. I knew
how soon I would be an old man. And now I am an old man. Yet I can
hear that bell in my memory so clearly.

I mark my transition to adulthood on that day. I won the election,
but winning that election was not the most important event of that
day. The most important event had taken place a few hours before,
around noon, when the bell went off in my self-awareness.

I began hearing the clock ticking.


Over 250 years ago, Benjamin Franklin wrote a clever aphorism:

child believes that 20 dollars and 20 years can never be spent.”

Actually, he didn’t say 20 dollars. He said 20 pounds. Back then,
20 pounds were worth about $3,300
in today’s money

What Franklin wrote then is still true. A child thinks of $3,300
as a lot of money. He thinks of 20 years as a lot of time. The child
is wrong.

You may already have figured out that $3,300 is not very much money.
But you may not have recognized emotionally that 20 years are not
a lot of time. Your internal clock may not have rung its alarm bell.
For most people, it goes off sometime between the ages of 17 and

When your internal clock goes off in your head, pay attention to
it. I regard the ringing of that alarm clock as marking the first
major transition to adulthood. Some people hear it later than others.
Others hear it, but then ignore it for years.

When you hear it and then act on it, you have become an adult. But
if you roll over and whack the snooze button another time, then
you haven’t become an adult. I don’t care if you are fifty years
old, you have not yet made the transition to adulthood.

Those two high school elections were fixed time markers for me.
I knew exactly how long it had been since the previous election:
one year. We usually think in terms of one-year intervals. There
was no doubt in my mind that a year had elapsed, yet it did not
seem very long ago on that second election day.

The importance for me of those two elections was very high, or so
I thought at the time. That’s why the ringing of the bell in my
consciousness was so loud. I did not know at the time that the real
importance of those two elections was the loudness they imparted
to my lifetime alarm bell.

I knew that day that time was running out. I knew that I would hear
the sound of the approaching freight train grow louder in my ears.

When I was a boy, there was a weekly radio show called “The March
of Time.” The narrator’s voice still shouts in my memory, “Time
marches on!” Well, I’m here to tell you that time doesn’t just march;
it jogs over your back, knocks you to the ground, and steps on the
back of your head when you’re lying face-down in the mud. It doesn’t
even bother to say, “Oops. Sorry about that.” It just keeps moving


Less than a year after I heard that bell, I decided what I wanted
to do with my life. I became interested in economics. I also became
interested in the Bible. I wondered what, if anything, the Bible
had to say about economics. I decided that I would study for the
rest of my life to get an answer. I was not sure what I would discover
or how I would discover it, but I began what I thought would be
my life’s work. Today, over four decades later, I have written thirteen
volumes in my series, An
Economic Commentary on the Bible
. I have also written
several books summarizing what I have discovered so far. My first
book on this subject was published in 1973. It was not my first
book. My first book, Marx’s Religion of Revolution,
was an extension of a term paper that I wrote in my senior year
in high school. It was published in 1968, nine years after the bell
first went off in my head.

I knew at age 16 that I would have to get busy. Time was running

I have stayed busy. Time is still running out. But when you’re my
age, time doesn’t jog. It speeds up. By now, I’m in something more
like a sprint.

Why does time speed up? Because there are a lot of years behind
me, and one more year isn’t a big percentage of my life. For a child
of five, a year is 20% of his life, and half of what he can remember.
For me, it’s one-sixty-first of my life. That’s not much. So, the
older you get, the faster time runs.

As you slow down in life, time speeds up. So, I have decided to
race with my old enemy. I’m going to make him beat me fair and square.
I’m going to run faster. I plan to start a new business this year.
I’ll start another next year, if not sooner. There is an old saying,
“Never give a sucker an even break.” That’s what time says to me,
louder and louder. I’m saying it right back.


Ultimately, no one beats the clock. No one gets out of life alive.
But you can make time work for his victory over you. You can make
him sweat.

At this point, I’m going to direct my remarks mainly to parents
and especially grandparents in the audience. That’s because the
clock is starting to make its move on you. Tonight’s graduates are
only facing a jogger.

Are you winning the race so far? Here’s a good way to find out.
Ask yourself these questions:

I able to do anything important that I could not do a year ago?
Am I able to do it better, faster, or cheaper?”

If you can honestly answer “yes,” then you’re still ahead of the
clock. You’re still moving forward ahead of time.

The more things you have learned, the more skills you have acquired,
the more effective you are, this year vs. last year, the tougher
you’re making it for time to beat you. You’re forcing time to earn
his victory.

To every grandparent in the audience, I ask this:

your grandchild were to come to you tomorrow and ask, ‘Can you
tell me one area in which you’ve made progress since last year?’
what would you answer? Could you honestly point to some area of
your life where you are clearly doing better?”

It’s a lot easier for young people to answer “yes” to this question.
They are in school. They keep learning new things. Then they get
new jobs. They keep on learning. Then they have children. At that
point, their education begins in earnest.

But, at some point, people usually stop listening to their annual
bell. They stop comparing their position today with what it was
last year. They stop running. They start jogging. Meanwhile, time
starts picking up the pace.


To the seniors, I say that high school graduation serves as a success
marker for millions of people. They look back on their graduation
day and mark their progress in life since that day. Maybe this day
will serve as your personal life marker.

If you are wise enough to write down your life’s goals, and break
your plans into five-year segments, you will be able to mark your
progress. Set aside a blank page for your comments a year from today.
A year from today, think back a year and write down what you regard
as your improvements: a year well spent.

If you don’t already have your own goal-setting planner, make one.
Buy some lined paper and a 3-hole binder. Do this before next Monday.
There are few things more important or less expensive than a lifetime
goal planner. Break each year’s goals into four-month segments,
and then come back every four months to review your progress. Break
your five-year goals into one-year segments. Come back each year
to review your progress.

Every time you do this, you’re listening to your internal time clock.
Don’t ignore it. Use its sound to increase your pace.

The main reason why most people never make a goal planner is that
they worry that they’ll be embarrassed every year by how little
progress they have made. But by sticking to a schedule, your productivity
builds up over time.

I devote ten hours a week, 50 weeks a year, to working on my lifetime
study of what the Bible teaches about economics. I have stuck to
this schedule since 1977. Today, I have about 9,000 pages published.
It adds up.


I have one other major time marker in my life. It took place on
my 25th birthday. My grandmother told me, “You’ll be 30 before you
know it.” I was 50 before I knew it. But at age 25, I knew she was
right. I planned for turning 30, so turning 50 was no big deal.
I was not surprised by 30 or 40 or 50 or 60. I saw them coming.
I ran harder.

At some point, I’ll fade in the stretch, I intend to keep that stretch
as far ahead of me as I can.

You have a long race ahead of you. It’s not a sprint for you yet.
The pace hasn’t noticeably sped up. But I promise you: it will.

Listen to the ticking of the clock. If this is too much trouble,
at least listen to the alarm bell. It’s going to ring one of these
days. Pay attention to it when it does.

Ten years or fifty years from now, you won’t remember much of what
I said this evening, but maybe you’ll remember that some old guy
said you needed to write down your lifetime goals and then review
your progress every year. My hope tonight is that you will think
back and say, “I’m sure glad I followed his advice” instead of “Maybe
I ought to get started on that project.”

To the grandparents in the audience, I say: “It’s never too late
to get started. You’re running out of alarms.”

30, 2003

North is the author of Mises
on Money
. Visit http://www.freebooks.com.
For a free subscription to Gary North’s newsletter on gold, click

North Archives

Email Print