THE SAMURAI TRADER


FOOD FOR THOUGHT


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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 the New York Stock Exchange;

A member of the President's Cabinet;

The greatest " bear" in Wall St.;

Head of the world’s greatest monopoly;

President of the bank of international settlements;

Certainly we must admit that here gathered a group of the world’s most successful men. At least men who had found the secrets of making money.


Twenty-five years later [1947], lets see where these men are:

The president of the largest independent steel company - Charles Schwab - died bankrupt and lived on borrowed money for five years before his death.

The president of the largest 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 Cutten - died abroad, insolvent.

The president the New York Stock Exchange - Richard Whitney - was recently released from Sing Sing.

The member of the President's Cabinet - Albert Fall - was pardoned from prison so he could die at home.

The greatest " bear" in Wall St - Jesse Livermore - died a suicide.

Head of the world’s greatest monopoly - Ivar Krueger - died a suicide.

The president of the bank of international settlements - 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.


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