1923: An Important Lesson

Sean

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In 1923, do you know who was:

• President of the largest steel company?
• President of the largest gas company?
• The greatest wheat speculator?
• President of the Bank of International Settlement?
• President of the New York Stock Exchange?

At the time these men were considered among the world's most successful businessmen. Here is what became of them.

• Charles Schwab, president of the largest steel company, died a pauper.
• Edward Hopson, president of the largest gas company, went insane.
• Arthur Cooger,the greatest wheat speculator, died abroad, penniless.
• Cosabee Livermore, president of the BIS, shot himself.
• Richard Whitney, NYSE president was released from prison to die at home

In that same year, 1923, Gene Sarazen won both the US Open and PGA Championships. He played golf until he was 92 and died in 1999 at the age of 95, and was financially solvent at his death.

Conclusion: stop worrying about business and start playing more golf.
 
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