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From Nordan Symposia
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An asset is usually purchased, or equivalently a deposit is made in a bank, in hopes of getting a future return or interest from it. The [[word]] [[origin]]ates in the [[Latin]] "vestis", [[meaning]] garment, and refers to the [[act]] of putting [[things]] ([[money]] or other claims to [[resources]]) into others' pockets. The basic [[meaning]] of the term being an asset held to have some recurring or capital gains. It is an asset that is expected to give returns without any [[work]] on the asset per se. The term "investment" is used differently in [[economics]] and in [[finance]]. Economists refer to a real investment (such as a [[machine]] or a house), while financial economists refer to a financial asset, such as [[money]] that is put into a bank or the market, which may then be used to buy a real asset.
An asset is usually purchased, or equivalently a deposit is made in a bank, in hopes of getting a future return or interest from it. The [[word]] [[origin]]ates in the [[Latin]] "vestis", [[meaning]] garment, and refers to the [[act]] of putting [[things]] ([[money]] or other claims to [[resources]]) into others' pockets. The basic [[meaning]] of the term being an asset held to have some recurring or capital gains. It is an asset that is expected to give returns without any [[work]] on the asset per se. The term "investment" is used differently in [[economics]] and in [[finance]]. Economists refer to a real investment (such as a [[machine]] or a house), while financial economists refer to a financial asset, such as [[money]] that is put into a bank or the market, which may then be used to buy a real asset.
==Quote==
I asked you to sell all you have and give to the [[poor]] and follow me. I meant: If you have no ''investment'' in anything in this world, you can [[teach]] the poor where their [[treasure]] is. The poor are merely those who have invested wrongly, and they are poor indeed! Because they are in need, it is given you to help them, since you are among them. - [[12.3 The Investment in Reality]]
==Notes==
==Notes==
# Arthur O' Sullivan, Steven M. Sheffrin, [http://www.pearsonschool.com/index.cfm?locator=PSZ3R9&PMDbSiteId=2781&PMDbSolutionId=6724&PMDbCategoryId=&PMDbProgramId=12881&level=4 Economics: Principles in Action] ISBN 0-13-063085-3
# Arthur O' Sullivan, Steven M. Sheffrin, [http://www.pearsonschool.com/index.cfm?locator=PSZ3R9&PMDbSiteId=2781&PMDbSolutionId=6724&PMDbCategoryId=&PMDbProgramId=12881&level=4 Economics: Principles in Action] ISBN 0-13-063085-3
