[Outliers] Hetty Green: The Witch of Wall Street
More than 2,000 books are dedicated to how Warren Buffett built his fortune. Many of them are wonderful. But few pay enough attention to the simplest fact: Buffett’s fortune isn’t due to just being a good investor, but being a good investor since he was literally a child.
As I write this Warren Buffett’s net worth is $84.5 billion. Of that, $84.2
... See moreMorgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
Some Lessons From Andrew Mellon
- Operate from a position of strength. Following his father’s wisdom, Mellon always maintained excess reserves to move quickly and decisively. This allowed him to capitalize on opportunities others couldn’t pursue during the inevitable downturns.
- Keep your head, when others are losing theirs . During the 1929