Summary:
The book delves into the history and evolution of stock markets around the world, tracing their impact on global economies and societies. It examines the rise of shareholder value as a central business tenet and explores the cultural shifts that have accompanied the proliferation of equity investment.
Key points:
1. Equity Culture Origins: Smith traces equity culture back to the first stock exchanges and the Dutch East India Company's share market. This concept spread globally, democratizing investment.
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