When three gunmen smashed through the skylight of a Stockholm cash depot before escaping with millions of kronor, it set in motion a chain of events that would transform the future of Sweden.
The 2009 “Västberga helicopter heist” is known as the most audacious of a spate of robberies that hit Sweden during the 2000s. Today, its legacy lives on because it cemented the idea among Swedes that cash had become an incentive for crime.
That idea is partly responsible for Sweden becoming one of the top five countries where cash is used the least.
“No cash” signs are a frequent feature in central Stockholm. In 2018, just 1 per cent of Sweden’s GDP was circulating in cash, compared to 11 per cent across the eurozone. Read more…..
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Peter Lynch talks about 10 investment mistakes all investors must avoid. Lynch is the former portfolio manager at the legendary Fidelity Magellan fund where he consistently outperformed the market during his career. This speech originally took place in 1997.