Pdf Download Hetty The Genius and Madness of America's First Female Tycoon
Hat such financial acumen had to come with a price articles were written About How Lonely And how lonely and she must be And she did have uite a few odd an A well researched and deftly written biography of one of the early 20th century s most intriguing Americans I loved this book and have read it twice Hetty Green known to her legion of detractors as the Witch of Wall Street became the richest woman in the world through a combination of financial genius and utter ruthlessness living like a pauper and caring nothing for what the world thought of her Her two children found it much less pleasant
a likable character by any means and yet there is almost admirable in the way this flinty uintessentially New England Yankee competed with powerful men in a man s world and won This is a fascinating story now largely forgotten with numerous local angles and locations from New Bedford to Vermont Alan This is a very average book It contains a few interesting snippets but if one wants to read about interesting business people there are many better optionsI found too much of the text was devoted to years before she started in business Undoubtedly this was because the author was able to gather material about these years not because they were very relevant in themselvesIt also turns me off when an author makes conjectures using the term undoubtedly which this author does than onceA die hard reader of business biographies may like this book and rate it average as I did A reader who is not that keen on the genre will undoubtedly be put off the the genre completely after this This was a uick and enjoyable read on a lady I had never heard of before this Most of us Would Have At Least A have at least a familiarity with names like Jay Gould Andrew Carnegie Cornelius Vanderbilt J P Morgan etc but how many have actually heard of Hetty Green n e Hetty Howland Robinson Dubbed The Witch of Wall Street she inherited a small fortune from her aunt and multiplied it many many times over through shrewd investments and business dealings until she was widely considered the richest woman in America during its Gilded Age She also had the gumption to go head to head with the much feared Collis P Huntington leader of the Big Four who controlled most of the early American rail networks She built up such a formidable money lending business that newspapers used to feature headlines like Hetty Green Cuts Rates much like how the WSJ would report on the Fed s moves today Perhaps what she was most famous for at the time was her extreme miserliness despite her enormous wealth to the extent where she brought dresses to the cleaner s and asked for only the bottom parts to be washed to save money and neighbours would see her on top of her house fixing her own roof The writer tries to be balanced in his portrayal of her though citing her support of as many as 30 churches at one time by providing them cheap loans at way below market rates Yes they were loans not outright donations because with Hetty Green nothing came free but stillYou will not get a step by step manual on how to get rich with this book but the principles she stood by are there and overall it was an interesting bit of history. Cial papers to her father to the battle over her inheritance that was one of the most controversial legal cases of her time; from her collisions with railroad magnate Collis Huntington to her rescue of New York City from financial ruinLooking well beyond the lore and historical prejudices Charles Slack presents a full portrait of a true American original a female Citizen Kane who having turned away from the conventions of her time as a woman a wife a mother and a mogul led a life of a different sort with occasionally tragic results becoming both a hero and a victim of her era Above all it is a story of an uncompromising larger than life flawed woman who ruled a vast financial empire but was known simply as Hetty. .
Not a likable character by any means and yet there is
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Enigma eccentric exceptional endearingThe price of independence versus Because men have always in the past controlled history it follows that there have always been biographies about men than women Some women did rate their own tome usually they were the wives of a famous man or even rarely led such an amazing life that their own life story deserved to be recorded for posterity Hetty Howland Robinson Green belongs in the latter category Born in 1834 Henrietta Howland Hetty grew up during a period in which the United States was undergoing unprecedented growth Names l Such as Vanderbilt Carneige Morgan Astor and Rockefeller formed the informal boys only club that would ride the heady wild wave of the Gilded Age But if the men of the time were amassing fortunes and powers Hetty Green could teach all of the others guys lessons about finance and she did The only daughter and only surviving child of Edward Mott Robinson originally of a noteworthy Philadelphia family had come to New Bedford MA as a young man to try to establish himself in what was the lucrative business of whaling Not only did he become employed by one of the most successful whaling companies of the time Isaac J Howland Jr and Co he married the daughter and heiress of the huge firm Abby Slocum Howland Eventually he would take over the reins of the company expanding its assets and wealth Showing a particularly adept acumen for business timing Robinson would drive the company forward until ust before the demand for whale oil and the other related products began to wane liuidating the company assets and searching for other avenues for investment Although Hetty s father did not hide his disappointment that his first child was a girl he would soon have his heir in a son that he could tutor in the ways of business Unfortunately Isaac Howland Robinson born in 1836 was never as strong as his sister Hetty and died in infancy With his heir gone Howland began to take interest in Hetty taking her with him as he attended to his duties at the whaling company His daughter would come to be not only her father s companion she would also from a young age read to her father regarding stock market activity business trends and political news Even though she was becoming an age read to her father regarding stock market activity business trends and political news Even though she was becoming an to her father Hetty was not a docile child and her caretakers discovered that a bribe not of candy or toys but in the form of a coin would produce cooperation from their young charge bringing her into compliance And once she got the reward she was loath to part with it She accumulated any money that came her way eventually opening her own savings account by the age of eight While most young girl s would dream of clothing parties and romance Hetty s prime focus was on the accumulation of her wealth compounding of her wealth and protecting of her wealth Although she would eventually marry and have two children her uaker roots would prevent her from acuiring so much of the ostentatious show of materialism that was flaunted by many of the other families that rocketed into wealth during this time Hetty didn t build a mini palace in New York like Mrs Astor did She preferred to live in modest apartments in the middle class areas of Brook. A full century before Martha Stewart Oprah and Madonna became icons generations before women swept through Wall Street and decades before they even had the right to vote there was Hetty Green America's richest woman who stood alone among the roguish giants of the Gilded Age as the first lady of capitalism and is remembered as the Witch of Wall StreetAt the time of her death in 1916 Hetty Green's personal fortune was estimated at 100 million 16 billion today and the financial empire she built on real estate and railroads rivaled that of Andrew Carnegie Jay Gould J P Morgan John D Rockefeller and some of the nation's biggest banks Today Hetty Green ranks near the top of America's list of greatest financiers in com. .
Lyn or Hoboken Instead of a fancy carriage or automobile she took Public Transportation Or Walked transportation or walked of dining in restaurants
"She Would Bring Dry Oats "would bring dry oats a bucket when she left for her borrowed office space each day At lunch she would add water to the oats and cook her porridge on the radiator She had however a brilliant business mind She had her father s sense of timing and when other s panicked she remained steady and used the downturn to buy additional but deeply discounted investments She lent money to churches corporations and even the City of New lent money to churches corporations and even the City of New Before the Federal Reserve she provided a supply of cash when the customers of banks and savings and loans were being besieged by panicked depositors During the financial crisis of 1907 she was the only female invited to collaborate with J P Morgan and other financial mega stars on a plan to right the careening ship of the economy which was being overwhelmed by investment losses and bad loans Hetty was certainly an eccentric sight as she made her way around the financial sector in New York wearing her outdated often dirty clothes unfashionable hat whose flowers and feathers had seen better times and carrying a large black valise which was rud to carry fabulous sums of cash and securities but which likely only contained the remnants of a lunch appropriate for a miserly laborer than a woman worth around 200 million ten times that much in today s dollars For Hetty Green money provided a refuge for what would now be euphemistically referred to as eccentricities Even without her considerable fortune however she had a philosophy that was beyond any amount of wealth for she had her life and dared I want her money but not by being like her She rocks The first female tycoon and a horrid miser Evil men are interesting evil women are fascinating I thought I d totally dig this book I love reading about 1 American history 2 especially women in American history 3 especially women beating men at their own game in American history and 4 especially women beating men at their own game in American Victorian to Progressive era history And I remembered seeing a picture of Hetty in the Guinness World Records when I was in grade school She was deemed the world s worse miser or something because she ate cold oatmeal while having kajillions in the bankButit seems that s the most interesting thing about her This book put me to sleep better than a shot of sherry The 1996 book The Wealthy 100 ranked the net work of 100 wealthy Americans by the percentage of the Gross National Product their personal fortunes represented Hetty the only woman on the list came in 36th five places behind Bill Gates and three places ahead of Warren BuffettThis is a fascinating well written book about an amazing woman On her own using financial acumen unheard for a woman in her day and age she died in 1916 at age 81 she managed to parlay a family inheritance into a fortune so large that she freuently bailed out the City of New York when they encountered cash crunches When JP Morgan called a meeting of New York s financial leaders after the stock market crash of 1907 Hetty was the only woman in the roomCommentators of the time assumed Pany with Microsoft founder Bill Gates and billionaire investor Warren Buffett But in history books she has remained merely a footnote a miser and an eccentric whose character flaws and personal choices unjustly overshadowed her remarkable accomplishments on the fierce battlefield of American industry and commerceIn Hetty Charles Slack reexamines the life work and conflicted legacy of the exceptionally resourceful ruthless and inimitable woman who turned a comfortable inheritance into a fortune through instinct courage cunning greed and determination to succeed at a man's game on her own terms from her childhood in the uaker community of New Bedford Massachusetts where she learned about business by reading finan.