Thales, the Greek philosopher, wasn't greek! Thales is Phoenician. #philosophy #Thales #phoenicians #Phoenicia #lebanon | الحركة الفينيقية
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Thales, the Greek philosopher, wasn't greek! Thales is Phoenician. #philosophy #Thales #phoenicians #Phoenicia #lebanon | الحركة الفينيقية
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MacroGlide on Instagram: "The first known instance of an options contract dates back to around 600 B.C., credited to the Greek philosopher Thales of Miletus. According to Aristotle’s Politics, Thales used his understanding of astronomy to predict a large olive harvest and negotiated the right, but not the obligation, to use local olive presses at a set price — an early form of a call option. When the harvest came and demand for presses surged, he exercised his rights and rented them out at much
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