TV watching in my house is mostly relegated to the NFL Network and the History Channel so I was pleasantly surprised last night when I found this one on the History Channel:
It’s been about 15 years since I studied American history in any sort of detail so it was refreshing to watch the history of the second industrial revolution again and the capitalists who made it crank.
If you thought capitalism was brutal today you should go back and see how the Rockefellers, Vanderbilts, Carnegies and Morgans did business. We’re talking cut throat. These were the days of unregulated and unconstrained capitalism where workers were murdered, the competition was crippled through manipulation, monopolies were the norm and hostile takeovers were synonymous with crashing other corporations only to buy them on the cheap. It’s a fun series if you have the time.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.