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Headlines from History

I recently read a book entitled “Mr. Five Percent, The Story of the Life of Calouste Gulbenkian.” Gulbenkian was an Armenian who lived from 1869 to 1955. He had homes in Turkey, London, Paris and Lisbon. Most of us have never heard of him, yet he was creator of our modern oil market. The title of the book comes from the fact that he negotiated commissions on most of the oil sold in the early 1900’s, typically a commission rate of five percent. It made him the richest man in the world at that time. What is fascinating, however, is to read this book as a history of that man and those times but as you read, you realize that much of what the book describes could come from the he

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