Source: the history of the Abavus / Kevin Samoly, Miami University.
The abacus is a counting tool that has been used for thousands of years. Throughout history, calculating larger numbers has been problematic, especially for the common uneducated merchant. Out of this necessity, the idea of the abacus was born. Solving problems on an abacus is a quick mechanical process rivalling that of modern-day four-function calculators. After first addressing basic counting procedures and memorizing a few simple rules, students can use the abacus to solve a variety of problems. The abacus is a timeless computing tool that is still applicable in today’s classrooms.
The abacus was first used by the Greeks as a mathematical instrument over 2500 years ago. Archaeologists have found ancient discs in Egypt, resembling those found on abacuses. This serves as proof that ancient Egyptians also made use of this instrument and that Africa has always been adept at handling numbers.It has significance for our investment process in that time, calculations, numeric values and human nature all come together to create the possibilities within an investment portfolio over the years that have been and those yet to come.