by Ted Bauman
The Sovereign Investor
I was broke, the hotel insisted on a deposit and it was raining … hard.
I don’t mean broke as in “I left my wallet at home.” I mean there was nothing in the bank — at all. The puny limit on my only credit card was maxed out.
I stood in front of an unimpressed hotel clerk in a modest establishment about two miles from the city center. My employer had sent me to a conference at the last minute. My flight landed after dark, the taxi took an hour to get downtown through the downpour and they wouldn’t let me in unless I gave them the deposit that my office forgot to arrange.
That was the moment when I swore to myself that I’d never be one of the “salaried poor” again…