Timothy Dexter is an eccentric, naive, uneducated businessman who has accumulated wealth on deals that, contrary to common sense, made him rich. Dexter was born on January 22, 1747.
Madeleine in Massachusetts. Having married a wealthy widow, he started managing her savings. First, he began to buy the depreciated during the years of war for
Independence “continental currency”, which no one needed.
However, suddenly after the war, the currency regained value and brought the businessman a huge income. He bought cheap shares and then they began to rise in price. The uneducated jump was mocked and one day a merchant joked to him that the islands of West India lacked gloves and cushions. Without knowing anything about the hot climate, he carried goods to the tropics. Everyone around me thought he was crazy. But surprisingly, the gloves were bought by Asian merchants, who resold them to Siberia, and the truffles were used by local producers of pataka as a boiler.
Again, the jokers advised him to sell coal to Newcastle.
After buying coal, he sent it to England, not knowing that Newcastle was a major coal-mining city. The expression “selling coal”
“To Newcastle” is an idiom and means “unnecessary occupation.” When the ship arrived in the city, it turned out that local coal workers declared a strike and there was no coal in the city. As a result, the cargo was sold with great success.