The Witch of Wall Street: Her Unique Approach to Investing

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The Witch of Wall Street, also known as Hetty Green, was a groundbreaking woman in the world of finance during the late 19th and early 20th centuries. Born on November 21, 1834, in New Bedford, Massachusetts, Hetty Green would go on to become one of the richest women in the United States. From an early age, Green exhibited a talent for finance and investing. She quickly grasped the complexities of the stock market and began making profitable investments. She furthered her knowledge by reading extensively about finance and economics, becoming a self-taught expert in the field. Green's frugal and conservative approach to investing allowed her to accumulate a vast fortune.

Witch of wall street

Green's frugal and conservative approach to investing allowed her to accumulate a vast fortune. She was known for her meticulous record-keeping and analysis of potential investments. Green was often criticized for her excessive thriftiness, wearing shabby clothes and eating simple meals despite her wealth.

Witch of wall street

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THE WITCH OF WALL STREET

Hetty Green was the inspiration for passage of the 1894 Income Tax Act and the 1916 Estate Tax Act. She was the shrewdest and richest woman in America, and an eccentric miser. Her wealth was estimated at $100 million. She was the only woman listed among the 40 richest Gilded Age millionaires.

The New York Tribune reported, �Mrs. Green wore what once had been a black dress, which must have been of practically indestructible material. It turned brown, then green, and still she wore it; and carried an umbrella and handbag of about the same era as her dress.� This outfit was quite a sight in the financial district, and it earned her the nickname, �the Witch of Wall Street.� (Her agent who collected rent on her Chicago properties was named W.B. Frankenstein. Really!)

Hetty had no grandchildren. Her daughter, Sylvia was six feet tall, not pretty, and reportedly had �no trace of a personality.� She didn�t wed until 1909 at age 38 when she married Matthew Astor Wilks, the 63-year-old great-grandson of John Jacob Astor.

Her son Ned injured his left knee when he was 14. She treated the wound herself and relied on free clinics to avoid a medical bill. His leg eventually turned gangrenous and had to be amputated above the knee. Following a 1910 interview in Paris where he expressed a desire to find a wife, Ned received 5,000 written marriage proposals. But he claimed that women were only interested in his money. This six-foot-four, 300 pound eccentric, who lavished millions on racing cars, yachts, planes, coins, stamps, politics and pornography, didn�t marry until age 48, a year after his mother died. His 47-year-old bride, his �housekeeper� for 15 years, was a former prostitute.

To minimize expenses and to evade tax collectors, Hetty lived in cheap boarding houses, eventually settling into a $19 per month apartment in Hoboken, N.J. under the assumed name, Mrs. Dewey, after her shaggy dog, Dewey. It left collectors guessing where to find her and the proper state in which to tax her. Hoboken imposed a $2 annual dog license, which she also refused to pay, so she had to keep ahead of the dog catcher too. She adored Dewey. Though she subsisted on oatmeal (heated on a radiator), graham crackers (purchased in bulk), and raw onions, she always fed Dewey tenderloin steaks and rice pudding.

There's more about Hetty Green, her eccentric children, how her fortune eventually disappeared into nothing, and the tax woes of other millionaires in:

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Witch of wall street

However, her financial acumen and ability to turn a profit were undeniable. One of Green's most notable accomplishments was her ability to navigate the male-dominated world of finance. During a time when women were not taken seriously in the business world, Green managed to establish herself as a respected financier with an impressive track record. Green's success was not without controversy. She often faced accusations of dishonest practices and unethical dealings. However, she was never convicted of any wrongdoing, and many believe that these accusations were fueled by jealousy and resentment towards her success. Despite her immense wealth, Green lived a relatively simple life. She eschewed the trappings of wealth and instead focused on growing her fortune through careful investments. She was also known for her philanthropic efforts, donating to causes such as hospitals and libraries. Green's legacy in the world of finance is undeniable. She paved the way for future generations of women to enter the male-dominated field of finance and be taken seriously. Her frugal habits and conservative approach to investing serve as a lesson in financial prudence and discipline. Hetty Green, the Witch of Wall Street, will always be remembered as one of the most successful and influential women in the history of finance. Her perseverance and talent in the face of adversity continue to inspire generations of women to chase their financial dreams and break down barriers in the business world..

Reviews for "The Witch of Wall Street: A Role Model for Women in Finance"

1. Jane - 2 stars - I was really disappointed with "Witch of Wall Street." While the concept of a female entrepreneur in the male-dominated world of finance seemed intriguing, the execution fell flat. The storytelling was disjointed and the characters felt one-dimensional. The pacing was also quite slow, and I found myself losing interest halfway through the book. Overall, it was a lackluster read and I wouldn't recommend it.
2. Mark - 1 star - "Witch of Wall Street" was a tedious and boring read. The plot was predictable and the characters lacked depth. I couldn't connect with any of them, and there was a constant lack of tension or excitement. The writing style was also dry and lacked any spark. I was hoping for a captivating story about a powerful female figure, but all I got was a dull and forgettable book.
3. Sarah - 2 stars - I really wanted to enjoy "Witch of Wall Street," but unfortunately, it fell short of my expectations. The protagonist lacked any relatability, and her actions and motivations were often confusing. The dialogue and interactions between the characters felt forced and unrealistic. The overall story arc was underwhelming and failed to hold my attention. It's a shame because the potential was there, but the execution was disappointing.
4. Michael - 2 stars - "Witch of Wall Street" had an interesting premise but failed to deliver on its promises. The writing felt amateurish and lacked polish. The plot meandered without a clear direction, making it difficult to stay engaged. The characters were underdeveloped, and their actions often felt illogical or inconsistent. I was hoping for a thought-provoking narrative about power and feminism, but what I got was a muddled mess of a story.

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