IN DEBT WE TRUST

The first cap table was a literal table with hats representing shareholders. It got messy fast.

✗ FAKE
A cap table lists a company's owners and their stakes, and it is a spreadsheet or document. Hats representing shareholders is a joke.

More In Debt We Trust facts

Initial Public Offerings (IPOs) allow companies to raise capital from the public. And give you a chance to lose money before lunch.The gold standard was fully abandoned by the U.S. in 1971. Since then, we just print feelings.The first electronic stock market was the NASDAQ, launched in 1971. Because even stocks wanted Wi-Fi before everyone else.“Market cap” was originally a hat worn by traders to feel important. Capitalism loves accessories.The first dividend reinvestment plan was invented by someone who hated fun. “Let your money work,” they said, joylessly.The first economic forecast was made by reading tea leaves. It predicted “uncertainty,” which remains undefeated.See all In Debt We Trust facts →

Explore more

📂 All In Debt We Trust Facts🔍 All Facts