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Quotes of the day:
The historical crusades against Muslim lands, the colonization of Spain by the Muslim Moors and India by the British were all driven by economic interests, despite the advertised reasons that were used to mobilize their armies at the time. In my opinion, the invasion of Iraq was not about spreading democracy or weapons of mass destruction, it was about the oil.
Horizon analysis uses scenario analysis to estimate the expected total return, or horizon return, of a bond or portfolio over some investment horizon.
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