origin-development-of-joint-stock-companies

Origin & Development of Joint Stock Companies

We should perhaps start by looking at the historical background of shares. Joint stock companies are not recent phenomena. According to the Guinness Book of Records, the oldest company in the world is the Faversham Oyster Fishery Co. which has been in existence since before...

the-science-of-probabilities

The Science Of Probabilities

The science of statistics deals with, among other things, the problem of calculating in advance the ‘probability’ of the occurrence of future events. ‘Probability‘ is a word used by statisticians to mean ‘1ikelihood‘ or ‘chances‘. The concept of probability is easy to understand if we...

regular-income-vs-capital-gain

Regular Income VS Capital gain

An investment usually produces a combination of a regular income and a capital gain. Different types of investment produce different combinations of these two types of return to the investor. Some investments produce only a regular income without any capital gain; for example, fixed deposit....

investment-can-be-illiquid

Investment can be illiquid

Based on the fact that people in general prefer the more liquid investments, the law of supply and demand will mean that in general, the more liquid is an investment, the lower is the return that an investor can expect to get. Thus, current account...