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The Knowledge Project

Hetty Green: The Witch of Wall Street [Outliers]

The Knowledge Project

Shane Parrish

Business, Society & Culture, Technology, Education, Self-improvement, Investing, Entrepreneurship

4.72.9K Ratings

🗓️ 7 October 2025

⏱️ 44 minutes

🧾️ Download transcript

Summary

Hetty Green was the richest woman you've never heard of. In the late 1800s, she built a fortune worth billions today in a world designed to stop her. Women couldn't vote, couldn't own property, and weren't even allowed on the stock exchange floor. She was a force that couldn't be stopped. She bought entire towns, crushed railroad barons, and became the lender of last resort during financial panics. Her strategies still work today. This is the story of how an unwanted daughter became "The Witch of Wall Street," and a playbook for building lasting wealth and independence. ----- Upgrade: Get a hand edited transcripts and ad free experiences along with my thoughts and reflections at the end of every conversation. Learn more @ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠fs.blog/membership⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ------ Newsletter: The Brain Food newsletter delivers actionable insights and thoughtful ideas every Sunday. It takes 5 minutes to read, and it’s completely free. Learn more and sign up at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠fs.blog/newsletter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ------ Follow Shane Parrish X ⁠⁠⁠⁠⁠@ShaneAParrish⁠⁠⁠⁠⁠ Insta ⁠@farnamstreet⁠ LinkedIn ⁠Shane Parrish ------ This episode is for informational purposes only. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

It's 1907 and Wall Street is in complete meltdown.

0:04.0

Banks are failing, millionaires are jumping from windows, and even J.P. Morgan himself is scrambling to save the entire financial system.

0:12.0

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.

0:23.4

She's wearing the same black dress she's worn for years and she's about to single-handedly

0:27.6

prevent the collapse of the American economy.

0:30.8

Her name, Hetty Green.

0:33.4

And she's about to lend over $6 million to save banks, businesses, and lives, all while

0:39.4

charging fair interest rates when she could have demanded anything she wanted.

0:44.8

You've probably never heard of her.

0:46.7

And that's because history buried the story of America's first female Wall Street Titan,

0:51.1

the woman who turned a childhood of rejection into a financial empire that

0:56.0

would make even today's billionaires jealous. She bought entire towns, faced down a railroad

1:02.4

baron with a loaded gun, and accumulated wealth using strategies so ahead of their time that

1:08.0

Warren Buffett is still using them today. So why don't we know her name?

1:13.0

Because Hetty Green committed the ultimate sin in the gilded age. She was a woman who refused to

1:18.6

apologize for being smarter than every man in the room.

1:26.4

Welcome to the Knowledge Project.

1:28.0

I'm your host, Shane Parrish.

1:30.0

In a world where knowledge is power, this podcast is your toolkit for mastering the best

1:34.6

for other people have already figured out.

1:37.5

Hedy Green died in 1916 worth about $100 million.

1:41.0

That's over $2.5 billion in today's money. And she built this fortune in an

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