the.com/prospectus
A document that legally discloses every risk while psychologically convincing you to ignore them.
means A formal document that lays out the details of an investment, business, or venture so potential buyers or investors can decide whether to put money in.
from From Latin 'prospectus,' meaning 'a view' or 'outlook,' itself from 'prospicere' — 'to look forward, to see ahead' (pro- 'forward' + specere 'to look'). The word entered English in the 1700s for exactly this purpose: a paper meant to give investors a 'look ahead' at what they were buying into. Fittingly, the same root gives us 'prospect' — both words promise a view of the future, though only one is legally required to also mention the risks.
- legal purpose
- Protects the issuer from being sued later
- length trick
- Buried risk factors outnumber actual benefits
- read rate
- Almost nobody finishes it before investing
- origin word
- Latin for look forward, ironically backward-covering