Category: Finance

Finance is I hold, an intellectual perversion of what began as warm human love.

Our definition highlights the inter-temporal dimension of all investments. The benefit of today’s investment is at a future date. The delay can be short for some investments (speculative investments, for example) or long for others (business investment, for example).

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Book Summary – Investment

The process of democratization began in the 1600s with the establishment of “joint-stock companies” like the Dutch East India Company. These firms marked a watershed development in the modern corporate model, in that managers...