The
year is 1923. In 1923, do you know who was:
1. President of the largest steel company?
2. President of the largest gas company?
3. President of the New York Stock Exchange?
4. Greatest wheat speculator?
5. President of the Bank for International
Settlements?
6. Great Bear of Wall Street?
Now,
these men should have been considered some of the world's most successful men.
At least, they found the secret to making bundles of money. Now, almost 80
years later, the history book asks us, do we know what actually became of these
men?
ANSWERS:
1. The president of the largest steel
company, Charles Schwab, died a pauper.
2. The president of the largest gas company,
Edward Hopson, went insane.
3. The president of the NYSE, Richard
Whitney, was released from prison to die at home.
4. The greatest wheat speculator, Arthur
Cooger, died abroad, penniless.
5. The president of the Bank for
International Settlements, shot himself.
6. The Great Bear of Wall Street, Jesse
Livermore, committed suicide.
However,
in that same year, 1923, the PGA Champion and the winner of the most important
golf tournament, the US Open, was Gene Sarazan. What became of him, you ask?
Well, he played golf until he was 92, died in 1999 at the age of 95, and was
extremely financially secure at the time of his death.
What
can we learn from this quiz? Stop worrying about business and start playing
more golf.
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