Dendry’s Bet
Posted by on Oct 21, 2018
I changed the last line from ‘on the high street’ to ‘online’!
Dendry Machin won a bet and became a capitalist. It may be more correct to say that he became a rent collector and moneylender, both opportunities made possible with his newly acquired capital. Capital that enabled Dendry to become self employed as a rent collector, which provided him with an income and allowed him to preserve capital. It was the money-lending that provided an opportunity for Dendry to increase his wealth by investing his capital and accruing interest on his investments. Like all financial ventures the opportunity was not risk free – quite the opposite – Dendry set upon a very high risk financial venture. He loaned money to the poor.
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