In a ghost town within Gloucester, Mass., College founder Roger Babson’s life lessons endure on boulders engraved with mottos adopted by every incoming undergraduate class.

NEVER TRY NEVER WIN. BE ON TIME. IF WORK STOPS, VALUES DECAY.

Deep in a forest on the outskirts of Gloucester, Massachusetts, in an abandoned area known as Dogtown, these mottos—26 in all—are inscribed in stone.

A cousin of College founder Roger Babson, Trustee Emerita Katherine “Gig” Babson Jr. MBA’77, H’99, who also is a family historian, genealogist, and author, visits the Babson Boulders in Gloucester with her dog Flossy.

The display draws travelers, historians, and first-year Babson students, who use the carvings to pick a motto for their class every year.

That’s because the mottos on this maze of boulders were created by Babson College founder Roger Babson, who grew up near Dogtown and went on to forge his fortune in the stock market. During the Great Depression, the eccentric, selfmade millionaire enlisted unemployed Finnish stonecutters to carve his own favorite personal and business proverbs into rock on his property.

It was an entrepreneurial idea that encapsulated his originality. But, like many entrepreneurial ideas, it was considered audacious at the time. Locals, many of whose families had settled in Gloucester alongside Babson’s ancestors in the 1600s, were aghast. Babson was known as unconventional, but this took the cake.

One longtime resident, Leila Webster Adams, complained to the press about Babson’s unseemly enterprise encroaching upon her property.

“Why, the idea of a man like Roger Babson, so well-known and popular, going about carving such things… whoever heard of such foolish notions?” she huffed.

But it was on-brand for Babson, who was known for unusual but prescient ideas. He forecasted economic disaster in a 1929 speech on Babson’s campus; the market tumbled and sparked the Great Depression later that week, a cascade later known as the Babson Break.

Babson also didn’t mind defying norms. He ran for president on the Prohibition Ticket long after Prohibition was abolished, says his cousin, Trustee Emerita Katherine “Gig” Babson Jr. MBA’77, H’99.

“When I was growing up, he also funded a program once a year that would provide $1 per Bible verse that a kid memorized, up to $100,” recalls Gig Babson, now a family historian, genealogist, and author.

“You look at the themes that are illustrated by the mottos on the rocks and get a good sense of what was important to him,” Gig Babson adds. “Initiative was a big deal. Ideals, studying, staying out of debt. They’re all things that I think reflect his personal sense of morality and what he hoped to find in people.”

MOTIVATING MOTTOS

Today, the boulders signal to Babson students that they’re to begin a singularly unconventional adventure. There is a treasure hunt quality to finding each one that parallels business discovery: Lessons are only learned when you hunt and seek.

Conor O’Brien, Babson’s associate director of student engagement, oversees the first-year boulder experience during undergraduate orientation every August, when the chosen quote is announced to the class and their families at the Len Green Recreation and Athletics Complex.

Incoming students vote on their choice over the summer, before arriving on campus. Over the years, “Never Try Never Win” is a popular choice, as are “Be True” and “Initiative.”

Some are quirkily antiquated—“Be Clean,” for instance, is something that every first-year student might hope for a roommate—but others, such as “Keep Out of Debt,” still resonate strongly in the business world, O’Brien says.

“Many speak to the industriousness that we see on campus, as students compete with themselves for the best business ideas. They speak to the Babson student mentality,” O’Brien says. “I’d love to see a class take on one of the more unique ones.”

Once voting is complete, students also are given stress balls adorned with their class motto. Miniature versions of the boulder, with the winning saying, are distributed after the winner is announced.

During orientation, upperclassmen also speak to first-year students about the significance of their choice. Peer mentor Tarynea Aggarwal ’27 recently presented to an incoming class about her class’s directive: “Be True.”

“We were 15 years old when COVID hit the world. With the changes that high school already brings, having to see the world shut down and then open back up was a change no teenager should have to go through” Aggarwal explains. “Yet, despite these challenges, we made our way to Babson, by being true to who we were, and that was what we sought our North Star to be. Throughout my time at Babson, I’ve faced countless personal, professional, and academic challenges. But the best opportunities have come to me when I stayed true to who I am, and who I want to be proud of.”

LIVING HISTORY

Katherine “Gig” Babson Jr. MBA’77, H’99 hikes the trail of boulders, which were inscribed with mottos created by her cousin, Roger Babson, during the Great Depression.

The motto process helped to connect Aggarwal to her peers before even starting classes, she says. Aggarwal is pursuing a business analytics and technology entrepreneurship concentration, and she chose Babson to be true to herself and her goals.

“The College’s emphasis on innovation, hands-on learning, and fostering an entrepreneurial mindset really resonated with me,” she says. “Babson is all about giving you real-world experiences, and that’s exactly what I was looking for.”

With the motto, she felt plugged in with like-minded peers.

“By giving us the opportunity to vote on a boulder that will represent our class, they not only promote a sense of belonging and community but also made us feel valued. By voting on a boulder as a class, we were also taught that power lies in numbers, and I truly believe that my class picked well. This process made me realize that learning at Babson started way before any FME class,” Aggarwal says, referencing the College’s signature Foundations of Management and Entrepreneurship course for first-year students.

Meanwhile, Gig Babson honored her ancestor’s legacy with Pippi Rocks, a 2023 children’s book about the boulders’ lessons interpreted through the eyes of her mischievous black Labrador retriever, Pippi. Her book, a popular keepsake at local book shops, adds some modern touches, with updated mottos referencing kindness and love.

She acknowledges that her quirky cousin’s endeavor was peculiar at the time. But, like many ambitious ideas, it has aged well.

“I think everybody can learn from those mottos. Isn’t it great that you can go way out in the woods and see that somebody was inspired enough to say: ‘This is the Depression. People are out of work. Let’s get them working, and let’s find a place where we can put these mottos so people can come and visit?’” she says. “I think they’re quite remarkable myself—and, as I grow older, I appreciate them more.”

Visit the Boulders

For a printable version of this map, click here, or view the boulders on Google Maps.

Posted in Community, Insights

Tagged Alumni, Babson Magazine, Campus, Class of 2027, Student Life, Undergraduate

More from Babson Magazine »

Latest Stories

Close up of young woman holding happy smile face on background epic sunset
Best Way for Employers to Support Employees with Chronic Mental Illness Is by Offering Flexibility New research suggests that workers with chronic mental illnesses need their managers to be flexible and trust them, write Emily Rosado-Solomon of Babson College and Sherry Thatcher for The Conversation.
By ,
January 13, 2026

Posted in Insights

airplane cabin
Takeoffs and Turbulence: A Babson Professor Examines the State of the Airline Industry With a lifetime of experience and expertise in the airline industry, Babson Professor Dennis Mathaisel considers the business health and ongoing headaches of air travel today.
By
John Crawford
Senior Journalist
John Crawford
A writer for Babson Thought & Action and the Babson Magazine, John Crawford has been telling the College’s entrepreneurial story for more than 15 years. Assignments for Babson have taken him from Rwanda to El Salvador, from the sweet-smelling factory of a Pennsylvania candy maker, to the stately Atlanta headquarters of an NFL owner, to the bustling office of a New York City fashion designer. Beyond his work for Babson, he has written articles and essays for The Philadelphia Inquirer, Notre Dame Magazine, The Good Men Project, and other publications. He can be found on Twitter, @crawfordwriter, where he tweets about climate change.
January 12, 2026

Posted in Insights

Graduates walk during the Commencement ceremony
Babson’s Specialized Master’s Class of 2025 Demonstrates Consistent High Outcomes Despite a challenging job market, Babson’s specialized master’s Class of 2025 showcases the value of an entrepreneurial mindset and hands-on experiences in its career outcomes.
By
Bridget Johnston
Writer
Bridget Johnston
Bridget Johnston is a writer with an eye for all things F.W. Olin. She's most excited to tell student success stories, sharing their experiences with the broader Babson community. When she's not writing for Babson Thought & Action, she is connecting prospective students with Babson's Graduate programs through a variety of mediums, including email, print, and Babson's website. She graduated with her MFA in Fiction from Temple University and can be found in Philadelphia, befriending new dogs and embroidering.
January 8, 2026

Posted in Outcomes