Today I read an interesting story that is more like a myth. And this semi-myth is associated with the FedEX company, gambling and the founder of this company, Frederick Smith. Unfortunately, I have no way to verify this fact, but maybe someone who knows the history of this corporation well will write about the accuracy of these facts. As legend has it, early in its history, when FedEX was a small company, its business fell on hard times. The moment came when the company's debt began to amount to $24,000 and this amount was needed in order to pay the debt for fuel. However, the company only had $5,000 on its balance sheet. Frederick Smith withdrew this money and went with it to Las Vegas to play Black Jack in a casino. The story goes that Smith won $27,000 at the casino and paid all expenses. In this regard, as usual, I have several questions:
1. Do you believe this story?
2. Regardless of whether this is true, would you do the same? That is, if your company was on the verge of bankruptcy, would you bet the remaining money on casino games?
3. What would you do if you lost and was there any alternative solution?
To your first question, it's a yes, the story is completely true, I think I am actually one of the first persons to post about this story on this forum way back 2020 or 2021, can't possibly go back to my post history to dig that out now, but I will do it some other time when I have good time.
To your second question, to be honest with you, I wouldnt dare do such or take such risk while my eyes are clear.
But on the other hand, faith can make people do crazy things attimes, and also think of it this way, maybe he had no choice, not having another choice or alternative can push you to do what you have to do regardless of the possible result of the outcome, imagine if he hadn't gambled with that money? The company would have gone bankrupt, and if he had gambled and lost it, the gamble also would have gone bankrupt, so, instead of allowing the money to lay there and waste, I think risking it was the best option, and thank God it paid off for the company.
