Who invented investing?

The following is my answer to a Quora question: “Who invented investing?”

When the first hominid set aside some food for the next day instead of eating everything in that one meal, so that it could be traded for favours in scarcity, that was investing. Investing is putting aside assets for later use, or greater potential future gain .

Anyone who saves money is practising a crude form of investing. Anyone who collects things, and assigns a value to them, is investing. As financial systems got more sophisticated, and an entire class of financial advisors and experts arose, people got intimidated by degrees of complexity, when at heart, it is a simple matter of anticipating scarcity so that certain assets can be parlayed into profit.

Terence Kenneth John Nunis

[Shared with permission from: https://terencenunisconsulting.blogspot.com/2020/05/quora-answer-who-invented-investing.html?m=1 ]


Succinctly explained for an actually simple concept.

This should be the first step to understanding investment, before we go into the complexities.

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