Hetty Green: Fortune Making Thrift

Posted by admin on Thursday, November 21, 2019

Hetty Green Money Quote saying the only prerequisite to building a financial fortune is being smart and responsible. Hetty Green said:
 

 

“There is no great secret in fortune making. All you do is buy cheap and sell dear, act with thrift and shrewdness and be persistent” — Hetty Green

 

 

In this quote, Hetty Green is offering a simple yet effective formula for achieving financial success through entrepreneurship and investment. She suggests the keys are to purchase assets at a low price (“buy cheap”) and then sell them at a higher value (“sell dear”), earning a profit on the difference.

Additionally, one must be prudent with money (“act with thrift”) and astute in business dealings (“shrewdness”), carefully managing expenses and negotiating terms to their advantage. Finally, persistence is required to see opportunities through to fruition over the long run.

Green believes with these basic principles of value investing, frugality and perseverance, there is no secret magic involved in amassing wealth – just consistent application of straightforward economic principles over time.