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2 posts tagged with Wealth by Trurl.
Displaying 1 through 2 of 2.
Best known for the (exaggerated) tales of her miserliness,
Hetty Green was arguably the greatest female
investor in history. During the
1907 Bankers' Panic, her loan of $1.1 million helped keep New York City solvent. Her estate - greater than that of J.P. Morgan's - was valued at more than $2 billion in today's money.
[more inside]
posted by Trurl
on Feb 5, 2012 -
18 comments
Mr. Rockefeller has not squandered his income. He has applied it for thirty-five years to accumulating not only oil property but real estate — railroad stock, iron mines, copper mines, anything and everything which could be bought cheap by temporary depressing and made to yield rich by his able management. For thirty-five years he has worked for special privileges giving him advantages over competitors, for thirty-five years he has patiently laid net-works around property he wanted, until he had it surely corralled and could seize it; for thirty-five years he has depreciated values when necessary to get his prey. And to-day he still is busy. In almost every great financial manoeuvre [sic] in the country is felt his supple, smooth hand with its grip of steel, and while he directs that which is big, nothing is too small for him to grasp. [more inside]
posted by Trurl
on Nov 16, 2011 -
7 comments
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