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Episode 2827:
Hetty Green, the richest woman in Wall Street history, amassed her fortune through extreme frugality, conservative investments, and living life on her own terms. Learn from her unique financial wisdom and discover the powerful lessons that can shape your financial future.
Read along with the original article(s) here: https://ofdollarsanddata.com/hetty-green/
Quotes to ponder:
"I always try to deal justly with everyone, but if anyone wants to fight me I’ll give him all the fight he wants."
"If you can’t save money, your investment returns won’t matter."
"Invest on your own terms. Your finances are unique, so there is no reason why they should be like anyone else’s."
Episode references:
Prospect Theory: https://en.wikipedia.org/wiki/Prospect_theory
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Optimal Finance Daily - Financial Independence and Money Advice