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The Knowledge Project

Hetty Green: The Witch of Wall Street [Outliers]

07 Oct 2025

Transcription

Full Episode

0.031 - 23.237 Shane Parrish

It's 1907 and Wall Street is in complete meltdown. Banks are failing, millionaires are jumping from windows, and even J.P. Morgan himself is scrambling to save the entire financial system. But while the most powerful men in America are panicking, there's one person sitting calmly at a simple desk in a bank lobby, surrounded by stacks of cash.

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23.217 - 46.609 Shane Parrish

She's wearing the same black dress she's worn for years, and she's about to single-handedly prevent the collapse of the American economy. Her name? Hetty Green. And she's about to lend over $6 million to save banks, businesses, and lives, all while charging fair interest rates, when she could have demanded anything she wanted. You've probably never heard of her.

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46.589 - 70.082 Shane Parrish

And that's because history buried the story of America's first female Wall Street titan, the woman who turned a childhood of rejection into a financial empire that would make even today's billionaires jealous. She bought entire towns, faced down a railroad baron with a loaded gun, and accumulated wealth using strategies so ahead of their time that Warren Buffett is still using them today.

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70.803 - 113.322 Shane Parrish

So why don't we know her name? Because Hetty Green committed the ultimate sin in the Gilded Age. She was a woman who refused to apologize for being smarter than every man in the room. Welcome to The Knowledge Project. And she built this fortune in an era when most women couldn't vote, couldn't own property in most states, and were banned from the New York Stock Exchange entirely.

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114.023 - 134.441 Shane Parrish

She actively managed railroads, real estate stocks, and bond portfolios from a simple desk in a bank lobby. While other women of the Gilded Age competed for social status by throwing elaborate parties, Hetty was quietly making millions. She never had formal business training. Like any tall poppy, people took shots at her.

134.902 - 158.998 Shane Parrish

She was mocked by newspapers, sued by family members, and had her own husband secretly pledge her fortune as collateral for his debts. This episode reveals how an unwanted daughter turned childhood rejection into financial dominance using strategies Warren Buffett wouldn't popularize for another century. But here's what matters to you. Her playbook is timeless.

159.058 - 198.565 Shane Parrish

Whether you're making your first investment or managing millions, the strategies Hedy used still work today. Stick around at the end for my reflections and lessons learned or visit fs.blog slash podcast to see them. As always, this episode is for information purposes only. It's time to listen and learn. Hedy Holland Robinson was born in 1834 into one of New Bedford's wealthiest whaling families.

199.246 - 211.225 Shane Parrish

But she was unwanted. Her father, Edward Mott Robinson, had desperately wanted a son. When Hedy arrived instead, he was, as the records show, devastated by the birth of this child.

211.205 - 228.657 Shane Parrish

when her baby brother isaac died just weeks after birth her father's rage consumed the household hetty was cast aside and sent to live with her grandfather quick with numbers and good at reading her grandfather put her to work his eyesight was failing his shipping empire demanded constant attention

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