IN DEBT WE TRUST

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

✗ FAKE
A dividend is a payment of company profits to shareholders. The word comes from the Latin dividendum, meaning thing to be divided, and not from a peace offering.

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“Cash flow” was first described by a poet watching money leave his wallet dramatically.The first financial crisis started when someone said “this can’t possibly go wrong.” It went wrong immediately.The first mutual fund was a friendship pact: “we lose together.” Community, but expensive.The time value of money states that a dollar today is worth more than a dollar tomorrow. Mostly because you’ll already have spent it.The U.S. dollar is the most widely used reserve currency in the world. Basically, everyone’s ex they still rely on.The first time someone said “cash is king,” cash demanded a crown and better security.See all In Debt We Trust facts →

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