Chapter
Clips
The Panic of 1873 was caused by massive railroad and investment speculations, along with a surge in land speculation leading to insolvency when it came time to settle up.
29:00 - 30:16 (01:16)
Summary
The Panic of 1873 was caused by massive railroad and investment speculations, along with a surge in land speculation leading to insolvency when it came time to settle up. This is an example of how history doesn't repeat, but rather human nature does.
ChapterInvesting Tips from Hedy Green
Episode#103 The Richest Woman in America: Hetty Green in the Gilded Age
PodcastFounders
Joe Rogan discusses the importance of trusting your own judgment after putting in the work and the benefits of buying undervalued things.
30:16 - 31:59 (01:43)
Summary
Joe Rogan discusses the importance of trusting your own judgment after putting in the work and the benefits of buying undervalued things.
ChapterInvesting Tips from Hedy Green
Episode#103 The Richest Woman in America: Hetty Green in the Gilded Age
PodcastFounders
The investment strategies of Hetty Green and Vanderbilt were discussed in a podcast.
31:59 - 33:39 (01:40)
Summary
The investment strategies of Hetty Green and Vanderbilt were discussed in a podcast. While Hetty Green bought discounted greenbacks and purchased shares in small quantities, Vanderbilt bought stocks in cash and was able to wait out the market.