Today was a big day for Foresight Investor, as we had the tremendous honor to attend the opening ceremony of the Amsterdam Stock Exchange. Our CEO Simon Waslander, together with COO Michiel van den Ingh, had the privilege to represent Foresight Investor on this monumental day. It was an unbelievable experience, accompanied with some nice photographs. Yet, here at Foresight Investor we like to provide investors and readers with valuable insights. Therefore, to commemorate this beautiful day, we decided to write a short piece about the origin of the Amsterdam Stock Exchange and its current place in World economy.
The world’s first stock exchange
It is hard to believe but there was a time when the Netherlands was the center of global economic and military power. Over four centuries ago, this country was at the dawn of its Golden Age. Its powerful navy had just conquered parts of the extremely lucrative spice trading routes from the Portuguese in the East Asian Seas, opening the doors to massive potential profits. Yet the organization of the expedition voyages was unsuitable to handle the massive burden of guarding these trade routes and transporting the precious cargo back to the European continent. At the time, it was customary for a company to be set up only for the duration of a single voyage and to be liquidated upon the return of the fleet.