16 min listen
The Vaporware Salesman
ratings:
Length:
11 minutes
Released:
Sep 9, 2022
Format:
Podcast episode
Description
John Keely was the founder of the Keely Motor Company. He announced that he had discovered a new physical force, one that, if harnessed, would produce unheard-of power. He claimed to be able to produce from a quart of water enough fuel to move a 30-car train from Philadelphia to New York City.Scientists and engineers scoffed at his unverified claims. After his death, an investigation was carried out, and examination of his apparatus - a supposed perpetual motion machine - showed that, rather than a new force, tubes of compressed air or a form of hydraulic power activated the machinery.In today's video we see if there are any lessons investors can learn from the story of John Ernst Worrell Keely.Book Link: Voodoo Science by Robert Park: https://amzn.to/3BrKTscPatrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvCPatreon Page: https://www.patreon.com/PatrickBoyleOnFinanceVisit our website: www.onfinance.orgFollow Patrick on Twitter Here: https://twitter.com/PatrickEBoylePatrick Boyle YouTube Channel Support the show
Released:
Sep 9, 2022
Format:
Podcast episode
Titles in the series (100)
George Soros - Reflexivity Explained by Patrick Boyle On Finance