Three Hundred and Thirty-Five years ago, in 1688, Joseph de la Vega wrote, “Confusion de Confusiones”, considered to be worlds first book on stock trading. What was unique about the book was that it focussed on a topic that was new, trading of shares in Amsterdam stock exchange, considered to be the oldest "modern" securities market in the world. It was established shortly after the establishment of the Dutch East India Company (VOC) in 1602, where the VOC shares began trading regularly in the secondary market.
Enjoyed reading this post. To me markets are like prohibition. I agree constant supervision, vigilance and limits are a way to stem the madness. If you try to enforce beyond a point the 'off line' or 'grey market' operators will thrive and the main purpose of the market could be put in jeopardy.
nothing new under the sun.
Enjoyed reading this post. To me markets are like prohibition. I agree constant supervision, vigilance and limits are a way to stem the madness. If you try to enforce beyond a point the 'off line' or 'grey market' operators will thrive and the main purpose of the market could be put in jeopardy.