warlordPosted: January 8, 2013
When I was young I knew a young martial artist from Hong Kong. Just a small fellow, his skill was such that I knew I would never match him. We worked in IT together and became friends.
His grandfather had lived in mainland China near a river before the revolution. He had a small army, including his own tank. All goods that passed up and down the river paid tribute to the Warlord. When the communist revolution began, the Warlord sent one of his sons out to Hong Kong to secure a place in case the war was lost. The son purchased an entire city block of land in Hong Kong. Imagine the value of an entire city block there today.
The war against the communists went poorly and the Warlord and his family fled before Mao and his army. When they arrived in Hong Kong there was nothing. The son had gambled the entire fortune away.
Perhaps it was justice, or karma or the son was just a fool. It is not uncommon for a man to lose a fortune to folly, but still…
The moral: Only a fool doesn’t manage risk and preserve his capital