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  Rabbi Miller's Emails to College Students

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Honor is Better than Honors
   
 

8 Tevet 5770

December 25th , 2009

 

 

To My Dear Students,

 

A widely told story recounts a 1923 meeting attended by nine of the world's wealthiest men at a luxury hotel in Chicago: 
(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.

Twenty-five years later, 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 was insane.  (4) Arthur Cutten died overseas, broke. (5) Richard Whitney had spent time in Sing-Sing.  (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.

By the standard of riches and influence these men had attained the pinnacle of accomplishment.  But their stay at the summit was all too temporary.  While amassing a great deal of money may be a praiseworthy goal, a large portfolio does not assure a truly successful life.

Eventually most people grasp that inner serenity and deep satisfaction derive not from fame and fortune, but from having lived a life based on integrity and decent character.  President Lincoln put it this way:  "Honor is better than honors," and the Biblical Book of Proverbs put it even better:  "A good name is more desirable than great riches; to be esteemed is better than silver or gold."  In the end, living a principled life really is more rewarding than renown and recognition, money and material.

The criteria by which we measure success is key to our life's worth.  Is success what we have, or is success what we are?

Shabbat Shalom,

Your Rabbi