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Much like investors in the stock market, speculators made vast fortunes by buying shares in and bankrolling privateering enterprises. Ship owners and investors usually received half the value of seized goods, with the other half divided among privateering crews. “Fellows who would have cleaned my shoes five years ago have amassed fortunes and are riding in chariots,” noted New England aristocrat James Warren of those involved in privateering. Surfing to my son dad poster. Morris saw privateering as a numbers game that relied on volume. “One arrival will pay for two, three or four losses,” he wrote. “Therefore it’s best to keep doing something constantly.
