‘invest’

The word “invest” has 2 distinct meanings in relation to capital:

Invest (1): Spend money to build a capability. Example: a bridge, a factory, a mansion.

Invest (2): Spend money to acquire a formal stake in an existing capability. Example: stock, bond, lien.

2 now dominates 1

— Venkatesh Rao (@vgr) June 28, 2020