In 1923 a very important meeting was held at the Edgewater Beach Hotel in Chicago. Attending this meeting were nine of the world's most successful financiers. Those present were:
The president of the largest independent steel company;
The president of the largest utility 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" in Wall Street;
Head of the world's greatest monopoly;
President of the Bank of International Settlements.
Certainly we must admit that here were gathered a group of the world's most successful men. At least, men who had found the secret of "making money."
Twenty-five years later let's see where these men are:
The president of the largest independent steel company - Charles Schwab - died a bankrupt and lived on borrowed money for five years before his death.
The president of the greatest utility company - Samuel Insull - died a fugitive from justice and penniless in a foreign land.
The president of the largest gas company - Howard Hopson - is now insane.
The greatest wheat speculator - Arthur Cutton - died abroad - insolvent.
The president of the New York Stock Exchange - Richard Whitney - was recently released from Sing Sing Penitentiary.
The member of the President's cabinet - Albert Fall - was pardoned from prison so he could die at home.
The greatest "bear" in Wall Street - Jesse Livermore - died a suicide.
The head of the greatest monopoly - Ivar Krueger - died a suicide.
The president of the Bank of International Settlement - Leon Fraser - died a suicide.
All of these men learned well the art of
making money, but not one of them learned how to live.
IN THE WORDS OF GOLF'S FABULOUS WALTER HAGEN: "YOU'RE ONLY HERE FOR
A SHORT VISIT SO BE SURE TO SMELL THE FLOWERS"
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