IN DEBT WE TRUST

The first “amortization schedule” was written to punish joy. It succeeded globally.

✗ FAKE

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The first financial crisis started when someone said “this can’t possibly go wrong.” It went wrong immediately.Warren Buffett bought his first stock at 11. Meanwhile, you were just discovering Pop-Tarts.The stock ticker was invented in 1867. Basically, Twitter for people with portfolios.The first cap table was a literal table with hats representing shareholders. It got messy fast.The U.S. dollar is the most widely used reserve currency in the world. Basically, everyone’s ex they still rely on.The first “credit utilization” rule was invented by someone who wanted to measure your chaos scientifically.See all In Debt We Trust facts →

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The first “amortization schedule” was written to punish joy. It succeeded globally. | SmartAss Facts