Chapter
Observations on Human Behavior and Financial Instability
33:39 - 39:38 (05:58)
The transcript discusses the dynamic in human behavior where people do things to impress others and how it affects their actions. It also highlights the financial instability of a person who goes from having a lot of money to going broke and back again.
Clips
The book tells the story of Hetty Green, one of the world's wealthiest women in the late 1800s.
33:39 - 34:27 (00:47)
Summary
The book tells the story of Hetty Green, one of the world's wealthiest women in the late 1800s. While Hetty mastered both the skills required to get rich and stay rich, her husband only mastered one, leading to the eventual end of their relationship.
ChapterObservations on Human Behavior and Financial Instability
Episode#103 The Richest Woman in America: Hetty Green in the Gilded Age
PodcastFounders
Hetty Green saved her son, Edward, from financial ruin multiple times but eventually had to cut ties with him after he stole money from her.
34:27 - 35:10 (00:43)
Summary
Hetty Green saved her son, Edward, from financial ruin multiple times but eventually had to cut ties with him after he stole money from her. Despite their rocky relationship, they spent more time together towards the end of their lives.
ChapterObservations on Human Behavior and Financial Instability
Episode#103 The Richest Woman in America: Hetty Green in the Gilded Age
PodcastFounders
The railroad industry was an attractive investment opportunity due to its dynamic potential, promised return on capital, unregulated operation, and untaxed profits, making it appealing to financiers.
35:10 - 37:40 (02:30)
Summary
The railroad industry was an attractive investment opportunity due to its dynamic potential, promised return on capital, unregulated operation, and untaxed profits, making it appealing to financiers.
ChapterObservations on Human Behavior and Financial Instability
Episode#103 The Richest Woman in America: Hetty Green in the Gilded Age
PodcastFounders
Many people spend their money to look rich, leaving them with little actual wealth, while others may have a significant amount of wealth but choose not to flaunt it through clothing and other possessions.
37:40 - 39:38 (01:58)
Summary
Many people spend their money to look rich, leaving them with little actual wealth, while others may have a significant amount of wealth but choose not to flaunt it through clothing and other possessions.