From the Origins of Value Virtual Museum: Sevilla Jerez Cadiz Railway Company Share Certificate, 1857. This share certificate was used to raise capital for building and operating a railway line between Seville, Jerez, and Cádiz. bit.ly/4mP9igt #ICF_FinancialHistoryFriday

Program announced for the 2025 Yale Real Estate Conference @yalesom.bsky.social on October 24! Register today for early bird pricing. som.yale.edu/event/2025/1...

From the Origins of Value Virtual Museum: Japanese stock certificate from the 20th century, issued by a silk manufacturing company (Joso Seishi Co. Ltd.). bit.ly/45ICBtO #ICF_FinancialHistoryFriday

From the Origins of Value Virtual Museum: Zhen-Yu Land Company share certificate. Documents like this were legally binding proof of investment and shareholding in a corporation. bit.ly/3UN2zXT #ICF_FinancialHistoryFriday

Professor Bryan Kelly kicks off the first SoFiE Financial Machine Learning Summer School at Yale. The ICF is honored to host this week-long program featuring lectures and new research from experts in the field. som.yale.edu/sofie-financ... @yalesom.bsky.social

From the Origins of Value Virtual Museum: Portugal Foreign Debt Certificate #1402. Certificate of claim issued in Amsterdam in 1892 by the Association for Securities Trading. bit.ly/4o4YZ8X #ICF_FinancialHistoryFriday

From the Origins of Value Virtual Museum: Credit du Moroc, Agricultural Land Credit of Morocco, 1920, Paris, no. 8497. bit.ly/4eVGbVP #ICF_FinancialHistoryFriday

From the Origins of Value Virtual Museum: One thousand dollar State of NY Comptrollers Office bond, 7% interest per year, 1842. bit.ly/3GDnGbT #ICF_FinancialHistoryFriday

From the Origins of Value Virtual Museum: Collection of lottery advertisement broadsides [ca. 1800-1826] Fortune invites you to choose one, two, or all the three prizes of 50,000 pounds bit.ly/44arkSa #ICF_FinancialHistoryFriday

From the Origins of Value Virtual Museum: 4% bond of Hungarian Mortgage Bank 1884. This bond is one part of 40,000,000 florins in total. The interest is payable on Jun 1 and Dec 1 every year, in Budapest. bit.ly/45hqhCi #ICF_FinancialHistoryFriday

From the Origins of Value Virtual Museum: 1795 French bond. Merchants were forced to loan money to the French Republic to soak up access liquidity. Here, 350 Francs was repayable by attached coupons in ten installments of 35 Francs. bit.ly/4mt3NEj #ICF_FinancialHistoryFriday

From the Origins of Value Virtual Museum: Foundational Share of a Belgian Export Company. Share certificate of 1/10 foundational share of an export company of Belgium, Jules Van de Laat, 1881. bit.ly/4329gKU #ICF_FinancialHistoryFriday

From the Origins of Value Museum: 1693 Italian Monte Loan. This Italian bank bond presents a very early document in the form of an interest bearing loan. Of great importance, this bond concerns financing by the Medici family of Florence. bit.ly/3RWhyNW #ICF_FinancialHistoryFriday

From the Origins of Value Virtual Museum: List of subscribers in Boston United State Lottery 1778. List of second class lottery tickets sold by Robert Traill, agent for the Continental lottery. bit.ly/4iHlRYk #ICF_FinancialHistoryFriday

From the Origins of Value Virtual Museum: Twenty Shillings Bill no. 10343 from Hartford, CT. Printed by Timothy Green in July 1775 in New London, CT. From the DLJ Collection of American Finance. bit.ly/3YcUnTe #ICF_FinancialHistoryFriday

Last chance to register for the Yale Impact Investing Conference @yalesom.bsky.social this Friday, April 25th! Join us for exciting discussions on climate change, social inequality, and the healthcare crisis. Register today: som.yale.edu/event/2025/0... #ImpactInvesting

Join us for the Yale Impact Investing Conference on Friday, April 25th @yalesom.bsky.social. Register today! som.yale.edu/event/2025/0...

From the Origins of Value Virtual Museum: Bond for Omnium Francais Du Film Company. Share for 100 francs. No. 022884, signed in Paris on May 10, 1928. bit.ly/3EiBRSu #ICF_FinancialHistoryFriday

We're delighted to announce that @yalesom.bsky.social Professor Menaka Hampole is the recipient of an Upjohn Institute Early Career Research Award for her work exploring gender gaps in higher education. Learn more: research.upjohn.org/grants/260/

From the Origins of Value Virtual Museum: Government Bond from the Royal Treasury Ministers of Caxas, no. 644 for 500 sol. Signed in Lima, Peru in 1816. bit.ly/3FPFe3F #ICF_FinancialHistoryFriday

From the Origins of Value Digital Museum: Companhia De Mossamedes Share Certificate 1895. bit.ly/3DV4xkq #ICF_FinancialHistoryFriday

From the Origins of Value Virtual Museum: Kobe Gofukuten - Kobe Shirai Dry Goods Store. Japanese bond for 100 Yen. bit.ly/4kLtVJT #ICF_FinancialHistoryFriday

We're overjoyed to announce that @yalesom.bsky.social's Prof. Christopher Clayton has received an NSF CAREER Award to support his work in geoeconomics!

5% Bulgarian Government loan for 500 francs secured with tobacco wrappers. Loan dated July 1902. bit.ly/41uO3af #ICF_FinanceHistoryFriday

Societe Toulousiane Du Bazacle - Nationalized company of the earliest known corporate entity Honor Dels molis del Bazacle. Capital stock of 13,150,000 francs divided in 131,500 shares of 100 francs dated March 18, 1927. #ICF_FinanceHistoryFriday bit.ly/3EVZL6r

Share certificate of Railway company Deli Spoorweg Maatschappij, issued on June 28th, 1883. bit.ly/3Qx1phj #ICF_FinancialHistoryFriday

$1000 share certificate of New York Central Rail Road Company Gold Bond, no. 1390. Bond began issuing shares on May 17, 1853, cancelled May 6, 1905. bit.ly/43fJQtR #ICF_FinancialHistoryFriday

Keyserlijcke Indische Companie dividend receipt, 1723. #ICF_FinancialHistoryFriday bit.ly/3Eq3PeX

Different climate transition risks have heterogenous effects on energy prices and firm valuations across the energy sector, from Viral V. Acharya, Stefano Giglio, Stefano Pastore, Johannes Stroebel, Zhenhao Tan, and Tiffany Yong https://www.nber.org/papers/w33413

Recent AI advancements allow personality traits to be inferred from a single photo. A new study co-authored by @yalesom.bsky.social's Kelly Shue uses this method to analyze MBA graduates' photos and assess how personality impacts labor market outcomes. insights.som.yale.edu/insights/ai-...

Cinco Por Ciento Espanol Rentas Perpetuas, 1836: This document is a perpetuity issued by the Spanish government, payable in London, Paris, Brussels and Torino. #ICF_FinancialHistoryFriday bit.ly/4i3SpMW

@yalesom.bsky.social's Nicholas Barberis recently gave the 2025 American Finance Association Annual Lecture in San Francisco. A recording of Prof. Barberis' talk, "Behavioral Finance at 40: Progress, Open Questions, and New Directions", is now available for viewing. www.youtube.com/watch?v=CrS3...

Canal Interoceanique de Panama, 1880. This stock certificate is from the private capital raised to construct the Panama Canal. bit.ly/4fXrkJv #ICF_FinancialHistoryFriday

Central Trust Company: This document certifies that Edgar Champlin is the owner of 1030 shares of the capital stock of Central Trust Company. Dated July 16, 1929. #ICF_FinancialHistoryFriday bit.ly/3Zkc0S3

25 Shares Certificate of Minas Geraes Goldfields Limited, 1912. This security grants the bearer of the paper shares in the company. There are a total of 150,000 shares in the company, with a book value of 1 sterling pound each. bit.ly/4adZxTF #ICF_FinancialHistoryFriday

@yalesom.bsky.social's Prof. Kelly Shue recently spoke with CBC News about the Peter Principle which suggests that in a hierarchical organization, employees are promoted based on past success until they reach a position where they are no longer competent. www.cbc.ca/news/canada/...

The Common Fund Share Certificate, 1869. This scrip gives the right to purchase 100 shares in the company, no. H170, London, 20th December, 1869. bit.ly/3Pm47pd #ICF_FinancialHistoryFriday #Finance

We're proud to announce that @yalesom.bsky.social's Prof. Nicholas Barberis will be giving the 2025 AFA Annual Lecture, "Behavioral Finance at 40: Progress, Open Questions, and New Directions", this Saturday, Jan 4 at 2:30 pm at the SF Marriott Marquis. #BehavioralFinance afajof.org/management/c...

In a recent paper, @yalesom.bsky.social's Prof. Bryan Kelly and co-authors develop the concept of a Behavioral Impulse Response, which uses the dynamics of forecast errors to trace out how deviations from full-information rational expectations are corrected over time. papers.ssrn.com/sol3/papers....

#ICF_FinancialHistoryFriday: Receipt for rent Guangxu 25th year (1899) October. bit.ly/3ZmLEyQ