What happened to 8 wealthiest people in the world?

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. These men knew how to make a living and accumulate wealth. 25 years later.

1. President of the largest steel company, Charles Schwab, died bankrupt.
2. President of the largest gas company, Howard Hubson, went insane.
3. One of the greatest commodity traders, Arthur Cutton, died insolvent.
4. President of the New York Stock Exchange, Richard Whitney, was sent to jail.
5. A member of the President’s Cabinet, Albert Fall, was pardoned from jail.
6. The greatest “bear” on Wall Street, Jessie Livermore, committed suicide.
7. President of the world’s greatest monopoly, Ivar Krueger, committed suicide.
8. President, Bank of International Settlement, Leon Fraser, committed suicide.

They forgot to make a life! They just made Money!

Money provides food for the hungry, medicine for the sick, clothes for the needy, but is only a medium of exchange.

Yes… Money is one of the most important factor needed in life. But, it is just that… one of the important factor and not the only important factor. This distinction is being missed by most and we have a staring example in the above observation…

What is the difference between Money and Wealth?

How should one manage them?

How can one be in control of Money and not get under the control of money?

Chanakya’s Arthashastra gives a detailed account of managing the wealth of an individual/society/enterprise/nation. Role of each and corrective measures to be taken in case of violation is also detailed.

The Mauryas nurtured and guided by this great teacher followed the principles in this doctrine and established a model society. What’s our take?

There are enough resources in this world to meet the needs of all, but not enough to meet the greed of one…

– Anonymous


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