Interesting and Intriguing | Celeste Funds

That's Interesting

The History Of Light

Interesting and Intriguing
24th July, 2017
For thousands of years, getting light was a huge hassle. You had to make candles from scratch. This is not as romantic as it sounds. You had to get a cow, raise the cow, have food to feed the cow, kill the cow, get the fat out of the cow, cook the fat, dip wicks into the fat. All that—for not very much light. Now, if we want to light a whole room, we just flip a switch. The history of light explains why the world today is the way it is. It explains why we aren’t all subsistence farmers, and why we can afford to have artists and massage therapists and plumbers. (And, yes, people who do radio stories about the history of light.) The history of light is the history of economic growth—of things getting faster, cheaper, and more efficient.
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This communication has been issued by Celeste Funds Management Limited (ABN 78 098 628 605; AFSL 222 445) which is authorised to provide financial services to wholesale clients. The content of this communication is factual information only and is not to be construed as financial product advice. The Trust Company (RE Services) Limited (ABN 45 003 278 831, AFSL 235 150) (Perpetual) is the Responsible Entity of and issuer of units in the Celeste Australian Small Companies Fund (Fund). Retail clients can invest in units of the Fund issued by Perpetual. Perpetual is authorised to deal with retail clients and a product disclosure statement (PDS) issued by Perpetual is available for the Fund at https://www.celestefunds.com.au/wp-content/uploads/2022/09/CASCF-PDS.pdf. You should obtain and consider the PDS as well as the the Fund’s Target Market Determination (https://documents.feprecisionplus.com/tmd/PCT/TMD/N8Z8-FAM0101AU.pdf) before deciding whether to acquire, or continue to hold, an interest in the Fund.

That's Interesting

The History Of Light

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