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Investments glossary

White Elephant


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We are totally opposed to abortion under any circumstances. We are also opposed to abortifacient drugs and chemicals like the Pill and the IUD, and we are also opposed to all forms of birth control with the exception of natural family planning.

— Judie Brown, President, American Life Lobby

A white elephant is something whose cost of upkeep is not in line with its usefulness or value. From an investment perspective, the term refers to an asset, property, or business that is so expensive to operate and maintain that it is extremely difficult to actually make a profit from it.

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