PROFITING BY FAILURE 855Not only was I "succeeding"-from my viewpoint of success-
but I knew I was working in the one and only business suited to my
temperament. Nothing could have induced me to change into another
line of endeavor. Nothing, that is, except what happened which forced
me to change.
I strutted around under the influence of my own vanity until I
began to feel my importance. In the light of my more mature years,
I now wonder if that Unseen Hand does not purposely permit us
foolish human beings to parade ourselves before our own mirrors of
vanity until we come to see how vulgarly we are acting and we become
ashamed of ourselves. At any rate, I seemed to have a clear track ahead
of me. There was plenty of coal in the bunker, there was water in the
tank, and my hand was on the throttle. I opened it wide and sped along
at a rapid pace.
Alas, Fate awaited me just around the corner, with a stuffed club
that was not stuffed with cotton. Of course, I did not see the impend-
ing crash until it came. Mine was a sad story-but not unlike that
which many others might tell if they would be frank with themselves.
Like a stroke of lightning out of a clear sky, the I907 panic swept
down, and overnight it rendered me an enduring service by destroying
our business and relieving me of every dollar that I had.
This was my first serious defeat. I mistook it, then, for failure.
But it was not, and before I complete this lesson I will tell you why
it was not.
COMMENTARY
The panic referred to by Napoleon Hill began in the summer of 1907
when a number of banks and stock brokerages declared bankruptcy.
Nervous investors began selling shares, which caused stock prices to
drop even further. Investors withdrew money from their banks to cover
their losses, but only the largest banks had enough cash reserves to