{"id":2190,"date":"2024-03-31T11:44:32","date_gmt":"2024-03-31T08:44:32","guid":{"rendered":"https:\/\/beatmarket.com\/blog\/?p=2190"},"modified":"2024-04-08T16:29:16","modified_gmt":"2024-04-08T13:29:16","slug":"sunday-coffee-the-witch-of-wall-street","status":"publish","type":"post","link":"https:\/\/beatmarket.com\/blog\/sunday-coffee-the-witch-of-wall-street\/","title":{"rendered":"Sunday Coffee: The Witch of Wall Street"},"content":{"rendered":"<div class=\"fpm_start\"><\/div>\n\n<p><br>The standard attributes of a millionaire are an expensive suit, a Swiss watch, a magnificent car, and a mansion in a prestigious area. However, Henrietta Howland Robinson (Hattie Greene) had none of these, except for huge capital and assets in the form of entire neighborhoods in Chicago, New York, and several other cities. In financial circles, she was firmly nicknamed \u201cthe witch of Wall Street.\u201d She received this nickname for her black dress, which she wore for most of her life, her stinginess, and her extraordinary success in the field of investments.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_45_2 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/beatmarket.com\/blog\/sunday-coffee-the-witch-of-wall-street\/#Introduction\" title=\"Introduction\">Introduction<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/beatmarket.com\/blog\/sunday-coffee-the-witch-of-wall-street\/#Early_Years\" title=\"Early Years\">Early Years<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/beatmarket.com\/blog\/sunday-coffee-the-witch-of-wall-street\/#The_Secret_to_Success_Model_Hitty_Green\" title=\"The Secret to Success: Model Hitty Green\">The Secret to Success: Model Hitty Green<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/beatmarket.com\/blog\/sunday-coffee-the-witch-of-wall-street\/#Hetty_Greens_Principles_of_Investing\" title=\"Hetty Green&#8217;s Principles of Investing\">Hetty Green&#8217;s Principles of Investing<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Introduction\"><\/span>Introduction<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>These days, the name Hetty Green is not often heard. This whaling heiress turned investing guru was making millions and dispensing sage advice to Wall Street decades before Warren Buffett, known as the greatest investor of our era, was born.<\/p>\n\n\n\n<p>When Benjamin Graham, Buffett&#8217;s hero and the man called the &#8220;father of value investing,&#8221; was in elementary school, Greene was already making millions buying Civil War bonds, railroad stocks, and mining stocks. She also had success with mortgage lending, never charging excessive interest but not afraid to foreclose if she didn&#8217;t receive payments.<\/p>\n\n\n\n<p>Always saving and having extra money on hand, Greene lent to American businessmen, investors, and even the city of New York during difficult times. All the while, she preached much of the sound, so-called &#8220;value&#8221; investing advice that Graham detailed throughout his career\u2014the same advice often heard from Buffett today.<\/p>\n\n\n\n<p>But as a Massachusetts native turned New Yorker, she was also a working mother raising two children alone, known for her fiery nature and unwillingness to conform to what was considered a woman&#8217;s place.<\/p>\n\n\n\n<p>There&#8217;s even a story about Greene pulling a gun on her rival, railroad magnate Collis Potter Huntington, after he threatened her son Ned over a railroad dispute in Texas. \u201cUntil now, Huntington, you have been dealing with businesswoman Hetty Green. Now you are fighting with Hetty Green\u2019s mother,\u201d she reportedly said. &#8220;Damage one hair on Ned&#8217;s head, and I&#8217;ll put a bullet through your heart.&#8221;<\/p>\n\n\n\n<p>\u201cShe had the courage to live the life she wanted,\u201d following only those conventions that \u201cseemed right and useful to her, coldly and calmly ignoring all others.\u201d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Early_Years\"><\/span>Early Years<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Henrietta (Hattie) Howland Robinson Green was born in 1834 in New Bedford, Massachusetts. The daughter of a conservative Quaker family that owned the largest whaling fleet in the city, Greene studied finance and commerce from a young age and became the family accountant by age 13.<\/p>\n\n\n\n<p>After attending boarding school, Hetty continued to help her father with his business in New York when he sold his whaling business. There she met and married Edward Henry Greene, a partner in the trading business. They had two children, Edward and Harriet.<\/p><script data-noptimize>fpm_start( \"true\" )<\/script>\n\n\n\n<p>When Greene&#8217;s father died in 1865, she inherited about $5.9 million, or about $95 million in today&#8217;s terms. The problem was that $5 million of that money was locked up in a trust that only gave her rights to its income.<\/p>\n\n\n\n<p>Despite this, Green began buying shares with what she had, conducting detailed research on companies to find those with the best \u201cvalue\u201d in the market. She was always looking for &#8220;undervalued stocks&#8221; and was &#8220;much less worried about the market&#8217;s direction.&#8221;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Secret_to_Success_Model_Hitty_Green\"><\/span>The Secret to Success: Model Hitty Green<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Green made her fortune by following disciplined investing principles. She was a controversial woman and not without reason did she end up in the Guinness Book of Records with the caption \u201cThe world\u2019s most miserly person.\u201d<\/p>\n\n\n\n<p>Green was ahead of her time in many ways. She always avoided using leverage in investing, similar to what Warren Buffett recommended throughout his career. Graham failed to escape this in the 1920s, leading to dismal years for his foundation during the Great Depression.<\/p>\n\n\n\n<p>Sergey Fedotkin, [31.03.2024 11:48]<br>After the end of the Civil War in 1875, government bonds, which were incredibly in demand due to patriotic sentiment, began to quickly lose value. America no longer needed help in waging the war, but this made the bonds more reliable and cheaper. It is estimated that Hetty earned $500 thousand, or more than 50% of her initial capital, from their timely purchase.<\/p>\n\n\n\n<p>Hetty Green&#8217;s finest hour was during the banking and stock exchange panic of 1907, known as the \u201cBanking Panic.\u201d The NYSE index fell by 50% relative to its historical maximum, company shares collapsed one after another, depositors withdrew deposits from banks en masse, causing many bankruptcies. For the \u201cwitch,\u201d this was the most profitable period.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Hetty_Greens_Principles_of_Investing\"><\/span>Hetty Green&#8217;s Principles of Investing<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u201cYou should always buy low, sell high, and combine these rules with three simple things: insight, perseverance, and frugality.\u201d<\/p>\n\n\n\n<p>\ud83d\udfe2 Exaggerated expectations, wild speculation, and high debt load can lead to disaster.<\/p>\n\n\n\n<p>\ud83d\udfe2 Before making an investment decision, it is necessary to gather all information about the object.<\/p>\n\n\n\n<p>\ud83d\udfe2 Watch your pennies, and the dollars will take care of themselves.<\/p>\n\n\n\n<p>\ud83d\udfe2 Never buy with borrowed funds.<\/p>\n\n\n\n<p>\ud83d\udfe2 Common sense is the most valuable asset anyone can own. This is the main secret to making money.<\/p>\n\n\n\n<p>\ud83d\udfe2 If you can buy a good thing at a lower price than ever before, you can be sure that it is really cheap.<\/p>\n\n\n\n<p>When Green died in July 1916, the New York Times wrote in her obituary that she was \u201cgenerally considered the richest woman in the world,\u201d having amassed a fortune of $200 million, or nearly $6 billion in today&#8217;s terms.<\/p>\n\n<div class=\"fpm_end\"><\/div>","protected":false},"excerpt":{"rendered":"<p><a href=\"https:\/\/beatmarket.com\/blog\/sunday-coffee-the-witch-of-wall-street\/\" class=\"wp-block-post-excerpt__excerpt\">Explore the fascinating journey of Hetty Green, the &#8216;Witch of Wall Street&#8217;. From a $5.9 million inheritance to a $200 million fortune, discover her unique investment strategies and how she became the richest woman of her time<\/a><\/p>\n","protected":false},"author":1,"featured_media":2201,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[15,7,12],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Untold Story of Hetty Green: The Witch of Wall Street | BeatMarket<\/title>\n<meta name=\"description\" content=\"Explore the fascinating journey of Hetty Green, the &#039;Witch of Wall Street&#039;. 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Let me tell you a few words about our philosophy. BeatMarket is a safe space for long-term investors who want to develop healthy investing habits. BeatMarket is created for people who ignore trades of the day, most active stocks signals, and speculation trading courses. Beginner investors will find a special set of BeatMarket tools that helps avoid common mistakes at the start of their investment journey. The platform makes stock research and portfolio Welcome to the community of professionals! Yours sincerely, CEO BeatMarket, investor, entrepreneur, Max Dividends About the Author Max Dividends Seasoned entrepreneur, dedicated father of three, and private investor specializing in high-yield dividend growth stocks.\u200b Professional Background \u2022 Entrepreneurial Ventures: Founded and managed over 10 successful businesses across IT, media, and retail sectors.\u200b \u2022 Investment Experience: Over 15 years of experience in investments, with a portfolio surpassing $1.5 million.\u200b Investment Journey \u2022 From Risk to Reliability: Max started his investing career more than 15 years ago like many\u2014chasing high returns through risky bets, speculative plays, and market timing. After hard-earned lessons and financial losses, he pivoted to a long-term strategy grounded in fundamentals, discipline, and compounding. \u2022 Current Portfolios: Today, Max manages several well-diversified dividend portfolios across U.S. and international markets, focused on high-yield stocks with a track record of annual dividend growth. His primary portfolio is valued at over $1.5 million and generates five figures in annual passive income. \u2022 Dividend-First Strategy: Max\u2019s core focus is building sustainable income through quality businesses\u2014think wide moats, strong free cash flow, and shareholder-friendly management. He follows strict rules around payout ratios, dividend consistency, and sector diversification. \u2022 Personal Milestones: - Fully living off dividends since his early 40s - Reinvests 100% of excess cash flow - Built an \u201cInflation-Proof Income Engine\u201d to withstand economic cycles \u2022 Goals: Max is on a mission to reach complete financial independence and retire before age 50. His broader goal? Help thousands of other investors achieve the same through no-BS education and timeless dividend principles. MaxDividends Strategy \u2022 Objective: To build a reliable passive income stream through strategic dividend investments, aiming for financial independence and early retirement.\u200b \u2022 Achievements: Began living off dividends by age 40, with plans to retire before 50.\u200b Publications \u2022 \ud83d\udcd8 I Love Dividends Why dividend investing isn\u2019t just smart \u2014 it\u2019s addictive. \u2022 \ud83d\udcd7 The 5 Rules of Timeless Dividend Investing A practical, no-fluff guide to building long-term wealth through dividends. \u2022 \ud83d\udcf0 MaxDividends on Substack Max's flagship publication where he shares deep dives, monthly income reports, and stock breakdowns. Read by thousands of serious dividend investors around the world.","sameAs":["http:\/\/91.232.105.158:8000"],"url":"https:\/\/beatmarket.com\/blog\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/beatmarket.com\/blog\/wp-json\/wp\/v2\/posts\/2190"}],"collection":[{"href":"https:\/\/beatmarket.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/beatmarket.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/beatmarket.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/beatmarket.com\/blog\/wp-json\/wp\/v2\/comments?post=2190"}],"version-history":[{"count":2,"href":"https:\/\/beatmarket.com\/blog\/wp-json\/wp\/v2\/posts\/2190\/revisions"}],"predecessor-version":[{"id":2193,"href":"https:\/\/beatmarket.com\/blog\/wp-json\/wp\/v2\/posts\/2190\/revisions\/2193"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/beatmarket.com\/blog\/wp-json\/wp\/v2\/media\/2201"}],"wp:attachment":[{"href":"https:\/\/beatmarket.com\/blog\/wp-json\/wp\/v2\/media?parent=2190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/beatmarket.com\/blog\/wp-json\/wp\/v2\/categories?post=2190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/beatmarket.com\/blog\/wp-json\/wp\/v2\/tags?post=2190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}