Saturday, January 30, 2016

It's Not About Money

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Wealth and what it brings is at best fleeting.  For example, in 1923, a small group of the world's wealthiest men met at the Edgewater Beach Hotel in Chicago, Illinois.  They were a "Who's Who" of wealth and power.  At that time, they controlled more money than the total amount contained in the United States Treasury.  Here's a list of who was there and what eventually happened to them:

Charles Schwab: president of the largest independent steel company-died broke.

Arthur Cutten: greatest of the wheat speculators-died abroad insolvent.

Richard Witney: president of the New York Stock Exchange-died just after release from Sing Sing prison.

Albert Fall: member of a U.S. President's cabinet-was pardoned from prison so that he could die at home.

Jess Livermore: greatest "bear" on Wall Street-committed suicide.

Leon Fraser: president of the Bank of International Settlements-committed suicide.

Ivar Kreuger: head of the world's greatest monopoly-committed suicide.

Even Greek millionaire Aristotle Onassis, who retained his wealth and died at a ripe old age, recognized that money isn't the same as success.  He said, "After you reach a certain point, money becomes unimportant. What matters is success." 

- From The Success Journey

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