Eclectically Orthodox
Ralph Waldo Beeson was legendarily cheap when it came to treating himself. Once, when given some new corduroys, the insurance executive turned them down on account of already owning a pair. At his modest house just south of Birmingham, he often chose not to operate the air conditioning during brutal Alabama summers, saying it “costs a fortune to run that thing.” But just down the hill from his house, he had a view of Samford University—to which he was nothing but generous.
As a 29-year-old life insurance salesman, Beeson had poured his savings into the stock of his company, Liberty National, just after the crash of 1929. The bet paid off handsomely, and he cashed in for $100 million in the 1980s. Continue reading “Eclectically Orthodox”