MSCHF Turns Taboo Investment Plan Into Online Game ‘Tontine’1 min read

I </p>

Back in the 17th century, a Neapolitan banker named Lorenzo de Tonti created a living investment system aptly named a tontine. For each tontine, a group of premium-paying subscribers would receive an occasional payout from the aggregated pool of money throughout their life—the only requirement was that they had remain alive to receive it. When a participant died, the rest of the investors would absorb the deceased’s entitlement, which would naturally increase their own payout. This would continue until the final investor’s death, upon which the trust would essentially dissolve.

Get more stuff like this

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.

Leave a Reply

I accept the Privacy Policy

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.

Pin It on Pinterest

Share This