IN DEBT WE TRUST

The first portfolio was literally a folder. It contained receipts and emotional damage.

✗ FAKE
A portfolio is a collection of investments held by an individual or institution. The word comes from the Italian for 'carrying sheets,' but a literal folder of receipts is a joke.

More In Debt We Trust facts

The term “net worth” was invented by a fisherman who tried to measure success literally. It got tangled immediately.The first accountant invented spreadsheets to avoid emotions. Numbers don’t ask how you’re feeling.Warren Buffett bought his first stock at 11. Meanwhile, you were just discovering Pop-Tarts.The first “rainy day fund” was invented in London. It was immediately fully allocated.The Laffer Curve illustrates the relationship between tax rates and tax revenue. Politicians use it mostly as modern art.Forex (foreign exchange market) is the largest financial market in the world. And somehow, you still can’t time your vacation currency right.See all In Debt We Trust facts →

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