FYI: People drink during good times. They drink when times are bad. Bernhard Stroh knew this. He also learned how to build a fortune. In 1850, he left Germany with $150 and his family’s beer recipe.
As recently as the 1980s, the Strohs controlled the country’s third largest brewing company. They were worth about $700 million. But today, their once-great fortune is a fiscal train wreck. They’re no longer rich. Rampant spending, high debt loads and poor investment decisions sank their wealth.
Regards,
Ted
https://assetbuilder.com/knowledge-center/articles/what-we-can-learn-from-the-mistakes-of-millionaires
