Cows as safe assets
Our word for capital famously comes from the French for livestock, cheptel. And people are generally bullish about milking investments, and finding cash cows. Still, watch out for herd mentality (herd...
View ArticleIn defence of cows as safe assets
You’ll remember this from last year, we’re sure: Our main finding is that, on average, [rural Indian] households earn negative returns on their investments in cows and buffaloes if labor is valued at...
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