A popular story recounts a meeting that may have taken place at the Edgewater Beach Hotel in Chicago in 1923. There is debate whether the meeting in fact occurred, but what is not in question is the actual rise and fall of the men featured in the story, who were nine of the richest men in the world at that time:
(1) Charles Schwab, President of the world's largest independent steel company; (2) Samuel Insull, President of the world's largest utility company; (3) Howard Hopson, President of the largest gas firm; (4) Arthur Cutten, the greatest wheat speculator; (5) Richard Whitney, President of the New York Stock Exchange; (6) Albert Fall, member of the President's Cabinet; (7) Leon Frazier, President of the Bank of International Settlements; (8) Jessie Livermore, the greatest speculator in the Stock Market; and (9) Ivar Kreuger, head of the company with the most widely distributed securities in the world.
What happened to these powerful and rich men twenty-five years later? (1) Charles Schwab had died in bankruptcy, having lived on borrowed money for five years before his death. (2) Samuel Insull had died virtually penniless after spending some time as a fugitive from justice. (3) Howard Hopson became insane. (4) Arthur Cutten died overseas, broke. (5) Richard Whitney had spent time in a mental asylum. (6) Albert Fall was released from prison so he could die at home. (7) Leon Fraizer, (8) Jessie Livermore, and (9) Ivar Kreuger each died by suicide. Measured by wealth and power these men achieved success, at least temporarily. But it did not surely guarantee them a truly successful life.
Many people think of fame and fortune when they measure success. However, at some point in life, most people come to realize that inner peace and soul-deep satisfaction come not from fame and money, but having lived a life based on integrity and noble character. The book of Proverbs says: "A good name is more desirable than great riches; to be esteemed is better than silver or gold." In the final analysis, living an honorable life is more satisfying than fame and fortune. Jack Higgens, author of such successful novels as The Eagle Has Landed, was asked what he would like to have known as a boy. His answer: “That when you get to the top, there’s nothing there.”