Financial History: Sunday Reads
• A Short History of Tontines
• The Allure of Public Markets
• SPACs in the South Sea Bubble?
• The Birth of Investment Trusts
• Financial Weapons of Mass Destruction
investoramnesia.com/2020/07/26/fin…
• A Short History of Tontines
• The Allure of Public Markets
• SPACs in the South Sea Bubble?
• The Birth of Investment Trusts
• Financial Weapons of Mass Destruction
investoramnesia.com/2020/07/26/fin…
Today's Sunday Reads covers the general history of financial contraptions, but specifically SPACs and Tontines.
I answer questions like why did Bill Ackman name his SPAC after a 17th century financial contraption described as:
"Part annuity, part mortality lottery"
I answer questions like why did Bill Ackman name his SPAC after a 17th century financial contraption described as:
"Part annuity, part mortality lottery"
Tontines are crucial to American history.
After signing the Buttonwood Agreement, the brokers needed a place to conduct business, and settled on a coffee shop.
A tontine financed construction of the "The Tontine Coffee House", which later evolved into the NYSE.
After signing the Buttonwood Agreement, the brokers needed a place to conduct business, and settled on a coffee shop.
A tontine financed construction of the "The Tontine Coffee House", which later evolved into the NYSE.
From Tontine Coffee House to NYSE
