IN DEBT WE TRUST

The first escrow account was invented because nobody trusted anybody. Finance is basically distrust with paperwork.

✗ FAKE

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Warren Buffett bought his first stock at 11. Meanwhile, you were just discovering Pop-Tarts.The term “net worth” was invented by a fisherman who tried to measure success literally. It got tangled immediately.The concept of compound interest was described by Einstein as the 'eighth wonder of the world.' Which is rich coming from a guy who never paid off a mortgage.The first “unicorn” was just a company with good branding and questionable unit economics. Mythology checks out.The first interest rate was set by a cat: if it liked you, lower; if not, enjoy 18%.The Dow Jones Industrial Average was created in 1896. And it’s still giving investors stress wrinkles today.See all In Debt We Trust facts →

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