IN DEBT WE TRUST

The stock market began when two people argued about grain prices and refused to stop. Volatility is just stubbornness with charts.

✗ FAKE
Stock markets grew from trading in medieval Europe and the early 17th century, such as the Dutch East India Company shares in Amsterdam. They did not start from a grain price argument.

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The first “liquidity event” was just someone finally paying you back. Tears were involved.The first time someone said “the market is efficient,” the market laughed in fees.The first angel investor wore actual wings to meetings. The founder still took the money.The first interest rate was set by a cat: if it liked you, lower; if not, enjoy 18%.The first mutual fund was a friendship pact: “we lose together.” Community, but expensive.The term 'Black Friday' originally referred to a financial crisis, not a shopping day. Funny how capitalism rebrands trauma.See all In Debt We Trust facts →

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The stock market began when two people argued about grain prices and refused to stop. Volatility is just stubbornness with charts. | SmartAss Facts