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The agreement was known as a tontine, an antique investment instrument, with origins in seventeenth-century Europe, in which a number of participants band together in what is effectively a mortality lottery, pooling their funds with an understanding that the last investor to die will win everything.

Patrick Radden Keefe Quote: “The agreement was known as a tontine, an antique investment instrument, with origins in seventeenth-century Europe, in which a number of participants band together in what is effectively a mortality lottery, pooling their funds with an understanding that the last investor to die will win everything.”

“The agreement was known as a tontine, an antique investment instrument, with origins in seventeenth-century Europe, in which a number of participants band together in what is effectively a mortality lottery, pooling their funds with an understanding that the last investor to die will win everything.”

Patrick Radden Keefe

Patrick Radden Keefe Quote: “The agreement was known as a tontine, an antique investment instrument, with origins in seventeenth-century Europe, in which a number of participants band together in what is effectively a mortality lottery, pooling their funds with an understanding that the last investor to die will win everything.”
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