8 Wealthiest people of 1923

January 14, 2013 by  
Filed under newsletter-miscellaneous

Money God or gift

In 1923 , eight of the wealthiest people in the world met . Their combined wealth , estimated, exceeded the wealth of the government of the United States – there was no Apple and recession then.

These men knew how to make a living and accumulate wealth. It’s very interesting to read about what happened to these 8 wealthiest people in the world , 25 years later …..

It was reported 25 years later…….

Charles Schwab1. President of the largest Steel Company , Charles Schwab , died bankrupt .



Howard Hubson2. President of the largest Gas Company , Howard Hubson , went insane .



Arthur Cutton3. One of the greatest commodity traders , Arthur Cutton , died insolvent .



Richard Whitney4. President of the New York Stock Exchange, Richard Whitney , was sent to jail .



Albert Fall5. A member of the President’s Cabinet , Albert Fall , was pardoned from jail .



Jessie Livermore6. The greatest “bear” on Wall Street , Jessie Livermore , committed suicide .



Ivar Krueger7. President of the world’s greatest monopoly , Ivar Krueger , committed suicide .



Leon Fraser8. President , Bank of International Settlement , Leon Fraser , committed suicide .



So, what happened? Where did they go wrong?

They most certainly made lots and lots of money. They were very wealthy . But what did they lack then?
In fact , as much as they knew how to make a living, they forgot to make a life!
Instead, they just made Money! Money provides comfort and status, so true.

Money can also provide food for the hungry, medicine for the sick, clothes for the needy and shelter for the homeless…
Yet, noteworthy to mention
that it is only a medium of exchange.

Our education system needs to share two kinds of education .
One that teaches us skills on how to make a living; And one that teaches us values & morals…
On how to live life, free from the entrapment of chasing after an illusions of happiness.

Many people are entrapped in that chase neglecting health, family, social responsibilities, environment …
And at time even moment by moment of real deep fresh breathing.
The kids are sleeping
when we leave home . They are sleeping when we come home .

Twenty years later, we WILL turn back and they will all be gone.
Same goes for our health, dreams
and purpose in life.
Twenty years later, they will all be gone or a far distant memory.

Without water, a ship cannot move . The ship needs water.
Yet, if the water gets into the ship, the ship will face problems and eventually sink.

Similarly, we live in a time where earning is a necessity; But let not the earning enter our hearts
Or, what was once a means of living, will become heavy chain, an entrapment and a means of destruction !!!???

So take a moment and ask yourself ….

“Has the water entered my ship ?”

– fwd: allen johannes

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