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On the other hand, alongside the rise of the exchanges has come the development of the trader or investor-style punter, who is more concerned with playing the market for the prices and not purely because they fancy a, b or c to win or lose.
But that was two years ago, and ever since, Chris has been busy playing the market.
The extent to which both government and investors had to be adept at playing the market returns us to the question of cui bono, or how to explain Florentine citizens' interest in investing their wealth in the Dowry Fund (as Molho put it more directly several years ago in "L'amministrazione del debito pubblico," I ceti dirigenti nella Toscana del Quattrocento, Florence, 1987, 201).