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Talking about corporate stocks this time we've talked already about them a little bit we talked about how people would set up a corporation and then divide it up into shares and and then the company grows and more shares are issued and some people sell their shares it's a it's a way of creating an organization that that worked we talked about the first real corporation with traded shares that was the Dutch East India Company in the early well 1602 it was an idea that took hold and became a scheme for organisation of business and has become extremely important around the world I actually had my own personal experience I've created two corporations in my life first time it was one of my students here at Yale Alan Weis actually he was not an undergraduate he would say getting an MBA from the School of Management but he came to me after he graduated and said I'd see that you create home price indexes I'd like to start a company and sell them okay and so he wanted me to advise the company and then we decided to make it a corporation and we called it we brought in my colleague chip case who's at Wellesley College and it was called Case Shiller Weiss incorporated and we brought on a fourth a real businessman so but he said it would be ridiculous to have four names on the company so he generously allowed his name his check long field but then we set up the company I remember saying you know I'm not going to be that involved I'll be somewhat involved but I'm not going to I'm going to keep teaching at Yale and you know I can't do more than a day a week at most or less than that so we had to decide how many shares we got all right the only guy who gave it money was the businessman so he actually that's how you do it I put money into the country the rest of us just agreed to put it in time so it question is how do we divide up the company who gets how many shares the businessman put in money I'm putting in time how do we how do we do that and I know I'm not going to put in as much time as Alan Weiss who's actually running the company but you know what we did we just divided it four ways and we set it up and it's not a big company but I'm saying it's my own personal experience having done this we sold that was 1991 we sold it in 2022 to Vice Irv Inc and at that time we had 12 employees never got that big but then later on S&P bought the indexes and we have the home price index is called the S&P case-shiller index --is which now they're quoted a lot thought it was a success it.