The democratization of investing through the Dutch East India Company in 1602 was as revolutionary as the invention of the limited liability corporation because it allowed commoners and poor people to participate in ownership of global enterprises.
factualpending
Speaker
Robert HagstromEvidence Quote
“the democratization of being able to invest... they were the commoners... the guy he bought some shares for the woman who took care of his house, you know, and the gardener”
Source
Warren Buffett Published His Whole Playbook | Robert Hagstrom on Why Only One Tenth of 1% Uses It— Excess ReturnsCreated: 8/12/2026, 6:12:15 PM
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