IN DEBT WE TRUST

The term “bull market” was coined after a bull charged at a trader and he called it “momentum.”

✗ FAKE

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The first IPO was basically a public breakup: “We’re growing apart, also please invest.”“Diversification” was invented after someone put all their gold in one basket and the basket had opinions.The first audit happened because someone wrote “trust me” in the ledger too many times. Red flag energy.The first electronic stock market was the NASDAQ, launched in 1971. Because even stocks wanted Wi-Fi before everyone else.The first hedge fund was a guy hiding money under a hedge. Risk management used to be landscaping.“Liquidity” was defined after a trader tried to sell a castle quickly. Turns out stone is not liquid.See all In Debt We Trust facts →

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