Concerned Citizen
In the late 1800s, an American family, the Vanderbilts, amassed wealth that surpassed even the nation itself.
Cornelius Vanderbilt, the patriarch, had built a fortune of $100 million (equivalent to $2.7 billion today) from a mere $100 loan he got from his mother.
This man was a master investor because he is said to have dropped out of school early.
Despite lacking a formal education, Vanderbilt’s success in investing challenges the notion that education is a prerequisite for financial acumen.
So, “I am not educated”. This should not be an excuse for not knowing the difference between investing and unnecessary spending.
Vanderbilt left the fortune in the hands of his son William Henry Vanderbilt, also known as Billy Vanderbilt, who doubled the fortune in less than nine years after what we can only assume were a series of smart investments.
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