7 ms·
Huh? Stocks (shares) were invented to raise capital for businesses.
by thoth 8y ago
Huh? Stocks (shares) were invented to raise capital for businesses.
- dmoy 8y agoI think GP was talking about the historical (1600s) perspective, in which stock was literally created for both raising capital and reducing risk in maritime stuff (specifically East India company).
- z3t4 8y agoYes, so that many people can invest in the business. And the investors invest in many businesses.