Posts tagged 'Cows'

Cows as safe assets

Our word for capital famously comes from the French for livestock, cheptel. And people are generally bullish about milking investments, and finding cash cows. Still, watch out for herd mentality (herd in Latin, pecus, giving us pecuniary).

Sadly none of those puns made it into a Gates Foundation-backed NBER paper released on Monday (H/T Modeled Behavior):

CONTINUED EXISTENCE OF COWS DISPROVES CENTRAL TENETS OF CAPITALISM?

(Update: which refers to… this)

But no matter. The paper has found something astonishing about cattle as an investment in rural India, with implications for financial liberalisation across the developing world: Read more