IN DEBT WE TRUST

The first bank was invented when someone said “trust me” and everyone inexplicably did. Interest was born the moment regret arrived.

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“Cash flow” was first described by a poet watching money leave his wallet dramatically.The first stock ticker was a parrot repeating prices. It also screamed “SELL!” at inconvenient times.The first “bear market” began when a bear stole the trader’s lunch. Spirits fell instantly.The first escrow account was invented because nobody trusted anybody. Finance is basically distrust with paperwork.Initial Public Offerings (IPOs) allow companies to raise capital from the public. And give you a chance to lose money before lunch.The first cap table was a literal table with hats representing shareholders. It got messy fast.See all In Debt We Trust facts →

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