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A Love Story about Private Wealth

By

statue of libertyYou’ll be hard-pressed to find a better love story than this courtesy of Seth Siegel at the WSJ:

How does one overcome almost unimaginable horror and trauma? For Holocaust survivors Howard and Lottie Marcus, the healing came, in part, from the hope that they could help to provide refuge for other Jews who might find themselves at risk. But after restarting their broken lives in America, this modest couple could never have imagined that they would end up giving what is likely the largest single charitable gift in Israel’s history—$400 million—to be announced June 24.

Howard and Lottie were born in pre- Hitler Germany—he in 1909, she in 1916. But they met in America. With the rise of Nazism, both had the foresight, courage and good fortune to leave their native land before it was too late. In 1934, after Nazi goons murdered her brother outside their home in Linden, Germany, the 17-year-old Lottie persuaded her parents to allow her to go to the U.S.

Lottie’s future husband was, by all accounts, a gifted dentist. After the election of Hitler in 1933, Howard made his way to Naples and a professional life there, only to find himself in jeopardy again in 1936, when Mussolini agreed to Hitler’s demand that Italy expel all foreign Jews. As luck would have it, one of Howard’s patients was the U.S. consul general and, in an act of kindness, the official broke U.S. law by backdating the visa request to a period when transit papers were still available.

Arriving in America, Lottie spoke fluent German, French and English, and she developed secretarial skills in all three languages. This helped her get a job on Wall Street. There, she met Benjamin Graham, the legendary “father of value investing.” Graham soon became smitten and proposed to her. Lottie—20 years his junior—declined. Even so, the friendship endured until Graham’s death in 1976.

Related: Infographic: Let there be Water

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E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com To sign up for my free monthly Survive & Thrive letter, click here.

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