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[–] derram ago
https://archive.fo/jE6Ax :
'Brandeis University professor Stephen G. Cecchetti has on his website posted a snip from his textbook on the origin of derivatives. '
'If the harvest had failed, his losses were limited to the initial deposit he paid. '
'The deposit gave him the right but not the obligation to hire the presses. '
' Thales had purchased an option. '
'File this under: Things we never knew. '
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