In 1923, an important meeting was held at the Edgewater Hotel in Chicago with 9 of the world's most successful financiers. They were the president of the largest steel company; the president of the largest utility company; the president of the largest gas company; the greatest wheat speculator, the president of the New York Stock Exchange; a member of the President's cabinet; the greatest investor on Wall Street; head of the world's greatest monopoly; and president of the International Bank of Settlements.
These had all found the secret of making money. HOWEVER, let 25 years pass and let's see where these men went or became:
Charles Schwab, President of the largest steel company died bankrupt and had to live on borrowed money the last 5 years of his life. Samuel Insull, president of the largest utility company died a fugitive from justice in a foreign country. Howard Hopson, gas company mogul went insane. Arthur Cutten, the wheat speculator died abroad, broke, penniless. Richard Whitnesy, of the New York Stock Exchange spent time in Sing Sing Penitentiary. Albert Fall, of the president's cabinet was pardoned from prison to die at home. Jesse Livermore, of Wall Street investments committed suicide. And Leon Fraser of the International Bank hung himself.
All of these men had learned well the art of making money...but not a one of them had learned how to live! There are lots of lessons to be learned from people and history. One of the most important is...before you allow anyone to influence you with their value system, find out if they actually live by the same system! Paul the Apostle told the young man Timothy: "FOLLOW ME AS I FOLLOW JESUS CHRIST!"
"Don't let anyone look down on you because you are young, but set an example for the believers in speech, in life, in love, in faith and in purity" (I Timothy 4:12).