IN DEBT WE TRUST

A “dividend” was originally a peace offering between feuding merchants. Now it’s just a tiny apology from companies.

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The first mutual fund was a friendship pact: “we lose together.” Community, but expensive.The first “unicorn” was just a company with good branding and questionable unit economics. Mythology checks out.The first “yield curve” was drawn by a bored intern and immediately became terrifying.The Great Depression began with the stock market crash of 1929. And yet people still think “buy the dip” is financial advice.The first salary negotiation was a duel. HR later replaced swords with spreadsheets for “culture.”The 2008 financial crisis was triggered by the collapse of mortgage-backed securities. Or as Wall Street called it, “Oops.”See all In Debt We Trust facts →

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A “dividend” was originally a peace offering between feuding merchants. Now it’s just a tiny apology from companies. | SmartAss Facts