My First Million SPECIAL: The Rothschilds (Part 2)
Nov 30, 2021
Join Ben Wilson, host of "How to Take Over the World," as he uncovers the fascinating ascent of the Rothschild family from humble beginnings to financial titans. Discover their groundbreaking role in 19th-century finance and innovative bond markets. Delve into the family dynamics that encouraged collaboration amidst internal disputes, and learn how these factors contributed to their monumental success. The discussion also reveals the rise and fall of their legacy, shaped by historical events and the evolution of their banking dynasty.
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Arbitrage
- The Rothschilds' success stemmed from arbitrage, exploiting price differences.
- Their superior information network facilitated lucrative trades across markets.
Waterloo Advantage
- Nathan Rothschild knew of Waterloo's outcome before the British government, demonstrating his superior information network.
- This allowed him to make strategic financial moves based on early knowledge.
Liquidity Crisis
- The Rothschilds faced a liquidity crisis in the mid-1800s, revealing their lack of accounting.
- They operated without knowing their actual worth, highlighting their rapid, risk-taking approach.