In 1923, who was:
- President of the largest steel company?
- President of the largest gas company?
- President of the New York Stock Exchange?
- Greatest wheat speculator?
- Great Bear of Wall Street?
- The PGA Champion and winner of the most important golf tournament, the US Open?
- Charles Schwab
- Edward Hopson
- Richard Whitney
- Arthur Cooger
- Cosabee Livermore
- Gene Sarazen
These men were considered some of the world’s most successful of their days. But 80 years later, we can look at the history books and see what became of them.
- Charles Schwab died a pauper.
- Edward Hopson went insane.
- Richard Whitney was released from prison to die at home.
- Arthur Cooger died abroad, penniless.
- Cosabee Livermore committed suicide.
- Gene Sarazen played golf until he was 92 and died in 1999 at the age of 95. Unlike these other men, he was financially secure at the time of his death.
The moral of the story: forget work, play golf.
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