/terminal research library 747

Money *wants* to be stupid.

Publish Date: 28-06-2020

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Type: Essay/Thoughts/Post

Synopsis: The word “invest” has 2 distinct meanings in relation to capital: Invest (1): Spend money to build a capability. Example: a bridge, a factory, a mansion. Invest (2): Spend money to acquire a formal stake in an existing capability. Example: stock, bond, lien.

Public Link: https://twitter.com/vgr/status/1277262959828283392

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