Pragma Synesi – interesting bits

Compendium of interesting bits I come across, with an occasional IMHO

The nature of wealth

Financial assets are  a claim on real wealth, not outright wealth.  From the October 8th 2009 edition of The Economist:

Buttonwood

The nature of wealth

The world confused financial assets with real ones

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October 19, 2009 Posted by | economics, investing | , , | Leave a comment