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December 04, 2008


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Tom Chechatka

I see your point. Since Harvard is "embracing volatility and illiquidity in pursuit of superior long-term returns," there's no harm committing "adultery." Obviously, there are complexities of the "embrace" being compounded these days by fear. All the more, too, considering the deep involvement of the lender of last resort we presently are needing. Though serving to alleviate fear in the short-term, the potential added risk, long-term, that volatility and illiquidity would just blow out should the lender of last resort fail, further complicates the issue you raise.

Or does this consideration only all the more support your case? After all, you can't spend it when you're dead...

Option Tips

Excellent post and wonderful blog, I really like this type of interesting articles keep it up.

Stock market is volatile and all those who speculate in market are loosing everyday. Please remember stock market is not for speculation purpose. If one feel investing in stock market is gamble then its better to think again.

One should always note that if they want to invest money they should do proper research be it fundamental research or technical research. Just think how come you can invest
your money without any convincing reason for the same?


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