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About this quote

What does it mean?
Property without protection lacks real value or meaning.
In plain terms
If you cannot protect what you own, you do not truly own it.
What can you take from it?
Protection is essential for ownership to have value.

Where it applies

  • asset management
  • legal systems

Putting it to work

  • enforcement
  • contract design

Questions to consider

  • What makes ownership real?
  • Can value exist without rights?

Another view

Some value exists even without legal protection.

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