He died penniless.
That should tell us a thing or three about his financial acumen.
Well in defense of Tom that was not entirely his fault. I know he was a big spender and loved the high life but his downfall was more for other reasons. He inherited big debts from his wife’s estate and refused to sell the slaves which came with it to alleviate some of the debt. And there were larger agricultural changes which overwhelmed him and others.
Jefferson hatred of banks was fueled by his indebtedness as was his hatred of the UK where they were located.
His hated enemy, Alexander Hamilton, was a financial genius of the highest order and he, too, died penniless. Both men sacrificed fortunes for political lives and, though I am anti-Jefferson, I believe our nation was strengthened by their sacrifices.
Not bad. Penniless but his credit was still good and it maintained his lifestyle. He owed plenty which was covered by his estate.
yitbos