From Riches to Rags

The truth about Howard Hughes… May 24, 2022 [UNSUBSCRIBE]( | [WEBSITE]( [Altucher Confidential] It’s come to our attention that you might be missing out on extra benefits exclusively for Altucher Confidential subscribers. Check out our website where you can find archives, updates, and everything else included in your subscription. You can access it by [clicking here now](. “There are a billion ways to become successful, Howard Hughes revealed the easiest way to fail -- even as a billionaire. If you don’t bend, you break.” [HERO IMAGE] From Riches to Rags By Chris Campbell Attention! Before You Read Any Further… [Read more here...]( Hey, it’s James. Before you read any further in today’s issue, an urgent situation needs your immediate attention. If you don’t plan on claiming this upgrade to your Altucher’s Investment Network subscription, you’re missing out on a huge opportunity. Right now is your chance to grab one of the biggest (and most valuable) upgrades our company has ever made to a newsletter. I’m taking Altucher’s Investment Network to an entirely new level and I’d hate to see you left behind. [To see how to claim your upgrade, just click here now.]( Howard Hughes is one of the most famous eccentrics in history. He was a business magnate, investor, record-setting pilot, engineer, film director, and philanthropist. He left behind hundreds of hard-to-believe stories. The most interesting (and tragic) of them happened during his “reclusive years.” One time, he insisted on having banana nut ice cream with every meal. He couldn’t do without it. He’d fall into despair if he didn’t get it. He insisted his staff stockpile as much as possible. That’s why, when the manufacturers announced they would discontinue that flavor, his staff panicked. They didn’t dare tell him. Instead, they called up the manufacturer and asked them to make up a special batch. The manufacturer said sure, but the minimum order is 350 gallons. They breathed a collective sigh of relief and then set off figuring out how to store 350 gallons of ice cream. I looked it up. 350 gallons of ice cream weighs about 1,500 pounds — almost the same weight as the Liberty Bell, a full-grown walrus, or a 1979 Volkswagen Beetle. That’s a lot of ice cream. The following day, after the order was finalized and on the way, Hughes finished his banana nut ice cream and said: “That’s great ice cream, but it’s time for a change. From now on, I want french vanilla.” As it happens, this story is pretty indicative of his business ventures. The Truth Though Hughes was painted as a business genius, the truth was a little bit scratchier. Howard was three when his family fell into incredible wealth. In 1908, the entire U.S. oil industry was transformed when Howard Hughes Sr. — Howard’s father — patented the two-cone roller bit. Oil wells could be drilled in record time and in places previously deemed impossible. By the time he was 19, both of his parents had died and he inherited 75% of the family business. Though it’s not often mentioned, his main source of income for his entire life was from Hughes Tool Company, which held the patent to that oil drill bit. If you wanted to drill oil anywhere in the world, you had to use a Hughes. This massive income subsidized nearly all of his ventures, many of which failed. The story: In his early 20s, he jumped into the film industry, releasing record-smashing hits. Almost everything he touched turned to gold. Truth: Despite the major popularity of his films, he lost money on pretty much all of them due to his inability to stay within the budget. The story: In the 1930s, he got into aviation, building a successful company. He designed a plane that beat all the records. Truth: His aircraft company consistently ran at a loss. The story: Hughes purchased a controlling interest in TWA Airlines, revolutionizing the aviation industry. Truth: He took control of the company and ran it like he did his film and aviation companies — into the ground. (Only to be revived after he left.) The story: Known at the time as one of the most powerful men in the state of Nevada, he’s largely credited with transforming Vegas into a more refined cosmopolitan city. Truth: Though he did wield great influence in Vegas, he also ran several once-successful casinos into the ground. It was only after he let go of control and sold his shares did many of these companies become successful. No, not all of his investments were a failure, but, truth is… Without that drill bit money, his clock would’ve probably been cleaned ten times over. Trump’s Secret Legacy [Click here for more...]( July 2020, the Trump administration oversaw a RADICAL change to the tech world… one that could unleash a huge wave of disruption… prosperity… and wealth creation in the near future. Chances are, you haven’t heard about it until today. But according to one of America’s most respected tech forecasters, it’s set to create small fortunes right here in this country. He recently went on camera to explain why – [check the footage out here while it’s still available.]( The Lesson Hughes wasn’t an idiot. He was a star pilot and a genius engineer. His problem was he didn’t bend. Confucius once (apparently) said: “The green reed which bends in the wind is stronger than the mighty oak which breaks in a storm.” Hughes was a mighty oak. Instead of learning from his mistakes, he kept making the same exact blunders in every company he touched. No matter the industry, Hughes had a method and kept to it. And that method cost him hundreds of millions of dollars. He didn’t bend. So he broke. Though Hughes still died a rich man, his final days were spent in a ragged bathrobe. He never allowed the housekeepers inside his blacked out bedroom to tidy up, which was full of dust and grime. He had long quit bathing or brushing his teeth. His nails were inches long, leading one of his aides to say that he “looked like a witch’s brother.” He was also addicted to codeine. He injected himself daily with the same dirty needle. Though he stood 6’4” in his prime, he died three inches shorter and weighed only 90 pounds. There are a billion ways to become successful, Howard Hughes revealed the easiest way to fail — even as a billionaire. If you don’t bend, you break. Stay Nimble One way we stay nimble is by leaning into experts — especially those we sometimes disagree with. For example, though he’s no fan of crypto, when Jim Rickards talks, we listen. His latest talk, [updated for release today]( outlines his biggest prediction yet. There’s no sugarcoating it… Jim has some pretty dire predictions for the economy — some of which aren’t 100% in line with our own. But, while we’re ruthless optimists at heart, we’re not above preparing for the worst. [Click here to see what Jim thinks is the worst-case scenario — and how those “in the know” plan to profit.]( Until tomorrow, [Chris Campbell] Chris Campbell For Altucher Confidential Stunning New Prediction for 2022 You’re going to want to [see this]( — America’s #1 futurist just came out with a stunning new prediction for what could happen in 2022. And surprise, it’s got nothing to do with Trump. Or trade wars. Or the ongoing gyrations on Wall Street. In fact, this could be your one chance to ignore all that upsetting “fake news”… and get back to the business of getting exceedingly rich instead. [It’s all in the forecast you’ll find at this link — click now.]( Subsribe To My Podcast [The James Altucher Show]( [The James Altucher Website]( [Subscribe With YouTube]( [Subscribe On Messenger]( [Subscribe With iTunes]( [Connected on LinkedIn]( Add AltucherConfidential@email.threefounderspublishing.com to your address book: [Whitelist Us]( Join the conversation! Follow me on social media: [Facebook Group]( [Facebook]( [Twitter]( [Pinterest]( [Instagram]( [Three founders Publishing]( To end your Altucher Confidential e-mail subscription and associated external offers sent from Altucher Confidential, feel free to [click here](. If you are having trouble receiving your Altucher Confidential subscription, you can ensure its arrival in your mailbox by [whitelisting Altucher Confidential](. Altucher Confidential is committed to protecting and respecting your privacy. 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