Mark Twain is a masterpiece of american orator writers, with a million pounds of novels, the adventures of Tom Sawyer Huckleberry Finn, he is a rare genius in his literary creation, but he is a complete fool in investment and financial management.
He once invested in an inventor who claimed to be making a steam engine. Mark Twain offers him $35 a week as his angel investor. The inventor would also communicate with Mark Twain every two weeks about the progress of the invention, and finally found that he actually spent $36 a week on alcohol.
He also invested in a new typewriter that he hoped would greatly help writers write, and he started with $20,000. However, this project is actually a bottomless pit, Mark Twain has felt wrong many times, but the project leader always says that it will be successful immediately, and your money will be earned back many times, so Mark Twain continues to increase the position. Eventually, until someone else's typewriter invention was put on the market, their typewriter was not invented. In this investment, Mark Twain spent $ 170,000, equivalent to today's $ 5,000,000.
Mark Twain also found his nephew and opened a publishing company. Mark Twain published his own Biography of Huckleberry Finn and Memoirs of General Grant, both of which were hugely successful, best-selling, and well-to-do. So when he continued to expand his publications, he never expected that his nephew would run away with money at this time, resulting in the rupture of the publishing company's funds and complete closure in the economic crisis. Mark Twain was saddled with $90,000 in debt.
In the end, this great writer had to pay off his debts through speech and writing. In 1900, Mark Twain and his wife and daughter returned to New York after nine years of wandering. Mark Twain excitedly told the reporters who greeted him that I would cut off both legs and never leave New York again.
The great writer could have had a solid and stable life, but blind investment led to a family leaving home, which is also lamentable.