“Any fool can make a fortune. It takes a man of brains to hold on to it after it is made.”

Arthur T. Vanderbilt II: Within thirty years after the death of Commodore Vanderbilt in 1877, no member of his family was among the richest people in the United States, having been supplanted by such new titans as Rockefeller, Carnegie, Frick, and Ford. Forty-eight years after his death, one of his direct descendants died penniless. Within […]