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TIL the first hedge fund was created in 1949 and earned 44% more than the best-competing equity funds leading to a huge influx of new hedge funds 1966
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TIL How John Maynard Keynes changed Economics
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TIL in World War 2, countries had sold off most of their gold as well as their foreign investments, to pay for the war. By 1947, the United States had accumulated 70% of the world’s gold reserves.