Who Knew? by Jack Cooper

Author:Jack Cooper
Language: eng
Format: epub
Publisher: Gefen Publishing House
Published: 2010-12-08T16:00:00+00:00

________________

1. Quoted in Anton Rippon, Hitler’s Olympics: The Story of the 1936 Nazi Games (Barnsley, South Yorkshire, UK: Pen and Sword, 2006), 17; see also Jewish Virtual Library, “The Nazi Olympics,” http://www.jewishvirtuallibrary.org/jsource/Holocaust/olympics.html.

2. Quoted in Jeremy Schaap, Triumph: The Untold Story of Jesse Owens and Hitler’s Olympics(New York: Houghton Mifflin, 2007), 154.

3. Ibid.

...a Jew saved Winston Churchill’s political career

One of Winston Churchill’s favorite Americans was Bernard Baruch. In addition to being a wealthy financier, Baruch served for a long time as a trusted advisor and confidant to President Roosevelt. Another of Baruch’s attributes was the ability to discern that Winston was a great statesman but an extremely inept investor.

On a trip to America in 1932, Churchill paid a visit to Baruch in his office. While there, Churchill decided to do some trading on his own. At the end of the day, a distraught Churchill sought out Baruch and told him that he was a financially ruined man. He had squandered so much of his family fortune that he would have to sell everything, including his beloved estate, Chartwell. He bemoaned the fact that his ill-fated foray into the market would mean that he would have to resign from the House of Commons to enter business. No longer a young man, Churchill would probably have to spend the rest of his life paying back the enormous losses he had incurred.

Baruch gently informed Churchill that he had lost nothing. Knowing how notoriously bad an investor Churchill was, Baruch had left instructions to his employees to watch Churchill’s transactions as he went about his trading. Every time Churchill sold, Baruch’s employees were to buy the same securities. Every time Churchill bought, Baruch’s people were to sell. By the end of the day, Churchill was back where he started. Baruch’s firm had even absorbed the commissions.

Thus it was that Winston Churchill was able to stay in politics and to guide England and much of the free world through the difficult times that lay ahead in World War II.1

Download

Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.