Hetty Green is remembered as the "world's greatest miser" and the "Witch of Wall Street," but these days, Green would likely be seen as an eccentric investing icon. After all, while she became famous for her frugal nature and gruff exterior, Green pioneered value investing strategies that have made billionaires out of many of today's leading investors. And when the chips were down, when people really needed help, the whaling heiress turned independent investor, business tycoon, and world's wealthiest woman often used her fortune to save the day. There's perhaps no better example of Green's misunderstood legacy than the knickerbocker crisis. Also known as the panic of 1907, the knickerbocker crisis is now largely forgotten, but the economic nightmare was burned into the memories of those who lived around the turn of the 20th century. It had somewhat complex origins, but the long and short of it is this: Wall Street greed turned u...
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