In 1923, at the Edgewater Beach Hotel in Chicago, 8 of the world’s wealthiest financiers met. These 8 men controlled more money than the United States government at that time.
They included:
The president of the largest independent steel company;
The president of the largest gas company;
The greatest wheat speculator;
The president of the New York Stock Exchange;
A member of the President’s cabinet;
The greatest “bear†on Wall Street;
The head of the world’s greatest monopoly;
The president of the Bank of International Settlement.
We have to admit that these men had found the secret of earning money.
Now let’s see where these men were 25 years later:
The president of the largest independent steel company, Charles Schwab, lived on borrowed money for five years before he died bankrupt.
The president of North America’s largest gas company, Howard Hopson, went insane.
The greatest wheat speculator, Arthur Cutton, died abroad, insolvent.
The president of the New York Stock Exchange, Richard Whitny, was sent to Sing Sing Penitentiary.
A member of the President’s cabinet, Albert Fall, was pardoned from prison so he could die at home.
The greatest “bear†on Wall Street, Jesse Livermore, died a suicide.
The head of the greatest monopoly, Ivar Krueger, killed himself.
The president of the Bank of International Settlement, Leon Fraser, also died a suicide.
What this story teaches me is that all these men learned well the art of earning money, but none of them had ever learned how to live the “rich lifeâ€, which was their birthright...
This is what we call a CASE STUDY!
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They included:
The president of the largest independent steel company;
The president of the largest gas company;
The greatest wheat speculator;
The president of the New York Stock Exchange;
A member of the President’s cabinet;
The greatest “bear†on Wall Street;
The head of the world’s greatest monopoly;
The president of the Bank of International Settlement.
We have to admit that these men had found the secret of earning money.
Now let’s see where these men were 25 years later:
The president of the largest independent steel company, Charles Schwab, lived on borrowed money for five years before he died bankrupt.
The president of North America’s largest gas company, Howard Hopson, went insane.
The greatest wheat speculator, Arthur Cutton, died abroad, insolvent.
The president of the New York Stock Exchange, Richard Whitny, was sent to Sing Sing Penitentiary.
A member of the President’s cabinet, Albert Fall, was pardoned from prison so he could die at home.
The greatest “bear†on Wall Street, Jesse Livermore, died a suicide.
The head of the greatest monopoly, Ivar Krueger, killed himself.
The president of the Bank of International Settlement, Leon Fraser, also died a suicide.
What this story teaches me is that all these men learned well the art of earning money, but none of them had ever learned how to live the “rich lifeâ€, which was their birthright...
This is what we call a CASE STUDY!
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