If Adams Express paid $10 a month on $500 of stock, that’s a 24% annual dividend yield, which is far better than any similar investment today, and presumably this easily covered the payments on the loan.
When I read the tales of crypto-markets on LessWrong, there are also people who speak similarly about yield. There’s risk but the same might be true with the stocks back in the day.
When I read the tales of crypto-markets on LessWrong, there are also people who speak similarly about yield. There’s risk but the same might be true with the stocks back in the day.