› added 8 months ago

99

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

Read more imf.org

via reddit.com

0EO1 TIL in 1976, Queen released a song whose lyrics were in Japanese as a thank you to their fans in the country
mXaY TIL more than 2,500 of the 3,250 crosswalk buttons in New York City function essentially as mechanical placebos. They haven’t worked since the late 1980’s.
D1BPV TIL Hitler used a propaganda technique called the "Big lie". The use of a lie so "colossal" that no one would believe that someone "could have the impudence to distort the truth so infamously
ojL8 TIL that in 1971, on the day before Bangladesh officially won its Liberation War, Pakistani soldiers kidnapped the brightest Bengali intellectuals–writers, philosophers, historians, mathematicians, physicists, poets–and slaughtered them in the middle of the night.
xVE15 TIL that Bill Millin, a soldier in WWII, walked onto Normandy Beach on D-Day without a gun and began playing the bagpipes. When ordered to do so beforehand, he had pointed out that it was against British regulations, and his commander told him "You and I are both Scottish, and that doesn’t apply".