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Chasing a Cold Fortune

A Journey into the Past

By Anthony ChanPublished 3 years ago 3 min read
Special Thanks to Juha Lakaniemi on Unsplash.com

Anton Chandler, an accomplished economist of his time, was caught in a moment of reflection. Sitting in his office while working on consulting projects from home in the bustling city, his mind wandered to an alternate reality that transported him back nearly 200 years ago!

The Ice King

Frederic Tudor became famous for selling ice in America in that bygone era. Intrigued by the notion, Anton imagined why he might have chosen to be a competitive ice dealer, envisioning the opportunities it could have presented.

Anton was well-versed in the workings of markets and understood the importance of identifying untapped opportunities. As an economist, during his career that spanned nearly 40 years, he studied countless industries, analyzing their growth potential and forecasting trends. The story of Frederic Tudor had always fascinated him, as it demonstrated the power of creating a market where none existed before.

High Society's Obsession With Ice

In the early 19th century, before refrigeration was commonplace, ice was a luxury enjoyed only by the wealthy. Anton imagined himself as a young man eager to make his mark in that era. He saw the ice trade as a tangible business with an addressable market that had the potential to grow significantly.

Ice, in those times, was a precious commodity. It was harvested from frozen lakes and ponds during the winter, packed into large blocks, and stored in ice houses to be sold throughout the year. Anton envisioned himself as a shrewd entrepreneur, navigating the challenges of preserving and transporting ice over long distances.

He imagined the thrill of creating a network of ice suppliers and distributors, establishing a reputation for providing the highest quality ice to the upper echelons of society. The wealthy individuals who owned iceboxes would rely on him for their precious supply, allowing Anton to rub shoulders with the influential and affluent.

Just as he had advised high-net-worth individuals during his career as an economist, Anton fantasized about engaging in conversations with prominent figures of the past. He saw himself attending extravagant social events, mingling with aristocrats, politicians, and other successful market mavens. Such interactions would give him a gateway to their world and open doors to financial opportunities beyond the ice trade.

Anton went even further in his daydream, expanding his ice empire into a financial advisory business. As he gained the trust of his wealthy clientele, he imagined himself offering financial advice, drawing on his astute understanding of economic principles. The thought of becoming a trusted confidant to the influential figures of the time excited him, as it mirrored the satisfaction he derived from his current role.

Anton's musings in the present only deepened his appreciation for the remarkable journey of Frederic Tudor. He admired Tudor's perseverance and resilience despite numerous failures before achieving success. Tudor had encountered skepticism, technical challenges, and financial setbacks, but he had never wavered in his belief that ice could become a profitable industry.

In Anton's mind, the tale of the Ice King provided valuable lessons. It reinforced his conviction that opportunities often lurked where others saw only obstacles. It emphasized the importance of tenacity and a forward-thinking mindset when pursuing ambitious endeavors.

As Anton returned to reality, he realized that his life as an economist in the modern world had merits. He studied economic theory, advised high-net-worth individuals, and influenced investment policy decisions. His work played a role in wealth creation, and his efforts greatly satisfied him.

Yet, the alternate path he had imagined, where he followed in the footsteps of Frederic Tudor, brought a surge of excitement. Living in a different era, facing unique challenges, and interacting with the wealthy and powerful of that time was undeniably an intoxicating experience. While it was a mere flight of fancy, it reminded him that passion and ambition could transcend generations.

As Anton immersed himself in that historical period, he realized he shared much of the enthusiasm that shaped Frederic Tudor's ambition and unwavering determination. He had approached his role as an Economist with the same zeal, seeking out untapped potential and striving to positively impact the world around him. As an ice dealer in a bygone era, Anton's aspirations remained rooted in creating opportunities and a lasting impression.

Anton understood that there would be risks working in the ice profession. Still, the excitement of living in that era sent shivers up his spine and convinced him that like a relentless force, Anton's passion for success remained as vibrant as it was on the first day he began his career nearly forty years ago!

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About the Creator

Anthony Chan

Chan Economics LLC, Public Speaker

Chief Global Economist & Public Speaker JPM Chase ('94-'19).

Senior Economist Barclays ('91-'94)

Economist, NY Federal Reserve ('89-'91)

Econ. Prof. (Univ. of Dayton, '86-'89)

Ph.D. Economics

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  • Antoinette L Brey3 years ago

    It sounds like you enjoy being an economist. I have to admit the idea of creating a business has always excited me. Might be a fun thing to do if I went back in time

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