Shares in companies are an old idea By Paul Walker • 23/04/2015 • 1 This post was syndicated from Anti-Dismal - View original source It turns out that shares are more than 700 years old, at least. From the BBC website comes this picture of what is the oldest known share in a company. In 1288, Stora Enso issued this share giving a bishop an eighth of a copper mountain. Economic History Theory of the firm One Response to “Shares in companies are an old idea” Stora Enso is still a highly successful pulp & paper company. Contrast that with your last post about the average lifespan of an S&P company is only fifteen years.