IN DEBT WE TRUST

The stock ticker was invented in 1867. Basically, Twitter for people with portfolios.

✓ TRUE FACT

Edward Calahan’s early stock ticker debuted in 1867, using telegraph tech to print prices onto paper tape. That tape later inspired the idea of “ticker-tape,” and the machines got their name from the ticking sound they made.

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The first investment thesis was “trust me bro.” Somehow, it raised a seed round.The first time someone said “it’s priced in,” a philosopher fainted. Certainty is suspicious.The first “market correction” was actually an apology letter from the market. It said “my bad,” then did it again.The first “expense report” was invented as a confession form. It still feels like one.“Diversification” was invented after someone put all their gold in one basket and the basket had opinions.The first tax shelter was a cabin labeled “Not My Income.” Authorities were unimpressed.See all In Debt We Trust facts →

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