Thursday, October 22, 2015
Saturday, October 17, 2015
Nine of the wealthiest people in 1923
In 1923, nine of the wealthiest people in the world met at Chicago's Edge Water Beach Hotel .
Their combined wealth, it is estimated, exceeded the wealth of the government of the United States at that time. These men certainly knew how to make a living and accumulate wealth. Attending the meeting were the following men:
1. The president of the largest steel company,
2. The president of the largest utility company,
3. The president of the largest gas company,
4. The president of the New York Stock Exchange,
5. The president of the Bank of International Settlements,
6. The greatest wheat speculator,
7. The greatest bear on Wall Street,
8. The head of the World's greatest monopoly &
9. A member of President Harding's cabinet.
That's a pretty impressive line-up of people by anyones yardstick.
Yet, 25 years later, where were those nine industrial giants?
Let’s examine what happened to them 25 years later.
Their combined wealth, it is estimated, exceeded the wealth of the government of the United States at that time. These men certainly knew how to make a living and accumulate wealth. Attending the meeting were the following men:
1. The president of the largest steel company,
2. The president of the largest utility company,
3. The president of the largest gas company,
4. The president of the New York Stock Exchange,
5. The president of the Bank of International Settlements,
6. The greatest wheat speculator,
7. The greatest bear on Wall Street,
8. The head of the World's greatest monopoly &
9. A member of President Harding's cabinet.
That's a pretty impressive line-up of people by anyones yardstick.
Yet, 25 years later, where were those nine industrial giants?
Let’s examine what happened to them 25 years later.
1. The President of the then largest steel company (Bethlehem Steel Corp), Charles M Schwab,
lived on borrowed capital for five years before he died bankrupt.
2. The President of the then largest gas company, Howard Hubson, went insane.
2. The President of the then largest gas company, Howard Hubson, went insane.
3. One of the greatest commodity traders (Wheat Speculator), Arthur Cutten, died insolvent.
4. The then President of the New York Stock Exchange, Richard Whitney, was sent to jail.
peace.
6. The greatest “bear” on Wall Street, Jesse Livermore committed suicide.
7. The President of the then world’s greatest monopoly, Ivar Krueger, committed suicide. 8. The President of the Bank of International Settlement, Leon Fraser, committed Suicide.
9. The president of the largest utility company, Samuel Insull, died penniless. 
What they forgot was how to "make" life while they got busy making money!
Money in itself is not evil; it provides food for the hungry, medicine for the sick, clothes for the needy. Money is only a medium of exchange.
We need two kinds of education:
a) One that teaches us how to make a living
and
b) One that teaches us how to live.
What they forgot was how to "make" life while they got busy making money!
Money in itself is not evil; it provides food for the hungry, medicine for the sick, clothes for the needy. Money is only a medium of exchange.
We need two kinds of education:
a) One that teaches us how to make a living
and
b) One that teaches us how to live.
Sunday, October 11, 2015
An addled son
One day Thomas Edison came home and gave a paper to his mother. He told her, “My teacher gave this paper to me and told me to only give it to my mother.”
His mother’s eyes were tearful as she read the letter out loud to her child: Your son is a genius. This school is too small for him and doesn’t have enough good teachers for training him. Please teach him yourself.
After many, many years, after Edison’s mother died and he was now one of the greatest inventors of the century, one day he was looking through old family things. Suddenly he saw a folded paper in the corner of a drawer in a desk. He took it and opened it up. On the paper was written: Your son is addled [mentally ill]. We won’t let him come to school any more.
Edison cried for hours and then he wrote in his diary: “Thomas Alva Edison was an addled child that, by a hero mother, became the genius of the century.”
His mother’s eyes were tearful as she read the letter out loud to her child: Your son is a genius. This school is too small for him and doesn’t have enough good teachers for training him. Please teach him yourself.
After many, many years, after Edison’s mother died and he was now one of the greatest inventors of the century, one day he was looking through old family things. Suddenly he saw a folded paper in the corner of a drawer in a desk. He took it and opened it up. On the paper was written: Your son is addled [mentally ill]. We won’t let him come to school any more.
Edison cried for hours and then he wrote in his diary: “Thomas Alva Edison was an addled child that, by a hero mother, became the genius of the century.”
Monday, October 5, 2015
The 2 Coins
Arjun and Krishna were sitting when they saw a Brahmin asking for alms. Arjun out of concern gives him a bag of gold coins. Brahmin felt happy and left.
On his way back he was thinking of his own self, now he will not work. He has so much now.No need to work.
Meanwhile a thief saw this brahmin and snatched his bag of coins and ran away.
Brahmin got sad and again next day he went for asking alms.
Arjun again saw him and asked him abt the gold coins he gave him yesterday.
Brahmin told the story what had happened.
Arjun again gives him a precious stone. This time Brahmin was very careful and as soon as he reached home he hides it in a pot.
He lied down and think what he will do with the stone. He dozed off to sleep.
Meanwhile his wife takes the pot to river and and that precious stone fell into the river.
When Brahmin came to know about this he felt very sorry and sad.
Again next day he went asking for alms.
This time Arjuna asks his story and feels very sorry for him. He says that I think money is not there in your destiny.
Then Krishna gave him a coin.
Brahmin leaves.
Arjun asks Krishna why you have given only a coin. I gave him so much then also his poverty is not removed. What your single coin will do?
Krishna says…go follow him and see.
While going, Brahmin thinks as Arjun gave me so much and now Krishna gave me only a coin. What will I do with so less money.
As he was thinking he saw a fisherman catching fish.
Brahmin took pity on fish. He gives his coin to fisherman and buys the fish. He puts the fish in his ‘kamandal’ to take it to the river and save its life.
Brahmin saw that fish spitted out the same precious stone which he got from Arjun in his kamandal. He got very excited and started shouting ‘got it got it’.
The thief who stole his bag was going the same way. When he heard Brahmin shouting 'got it got it'. He thought Brahmin has recognized him and out of fear he has returned the bag of gold coins to him and asked him not to complain to the king.
Now Brahmin got his stone and gold coins back.
Arjun was seeing all this and asks Krishna about it.
Krishna says when you gave him coins and stone he was only thinking about himself. But with my coin he saved a life. If you think of others then god will take care of you automatically.
When we think of others and help others within our limit then we ourselves get benefited.
On his way back he was thinking of his own self, now he will not work. He has so much now.No need to work.
Meanwhile a thief saw this brahmin and snatched his bag of coins and ran away.
Brahmin got sad and again next day he went for asking alms.
Arjun again saw him and asked him abt the gold coins he gave him yesterday.
Brahmin told the story what had happened.
Arjun again gives him a precious stone. This time Brahmin was very careful and as soon as he reached home he hides it in a pot.
He lied down and think what he will do with the stone. He dozed off to sleep.
Meanwhile his wife takes the pot to river and and that precious stone fell into the river.
When Brahmin came to know about this he felt very sorry and sad.
Again next day he went asking for alms.
This time Arjuna asks his story and feels very sorry for him. He says that I think money is not there in your destiny.
Then Krishna gave him a coin.
Brahmin leaves.
Arjun asks Krishna why you have given only a coin. I gave him so much then also his poverty is not removed. What your single coin will do?
Krishna says…go follow him and see.
While going, Brahmin thinks as Arjun gave me so much and now Krishna gave me only a coin. What will I do with so less money.
As he was thinking he saw a fisherman catching fish.
Brahmin took pity on fish. He gives his coin to fisherman and buys the fish. He puts the fish in his ‘kamandal’ to take it to the river and save its life.
Brahmin saw that fish spitted out the same precious stone which he got from Arjun in his kamandal. He got very excited and started shouting ‘got it got it’.
The thief who stole his bag was going the same way. When he heard Brahmin shouting 'got it got it'. He thought Brahmin has recognized him and out of fear he has returned the bag of gold coins to him and asked him not to complain to the king.
Now Brahmin got his stone and gold coins back.
Arjun was seeing all this and asks Krishna about it.
Krishna says when you gave him coins and stone he was only thinking about himself. But with my coin he saved a life. If you think of others then god will take care of you automatically.
When we think of others and help others within our limit then we ourselves get benefited.
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