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| New Oxymoron |
cmonneron - 8/27/2008 05:13 |
"riskless investment"
explanation : the act of deferring consumption in the future ALWAYS entails a part of risk, either in the form of price (a share that goes down), credit ( a bond or bank account that defaults), or purchasing power of the currency in which it is denominated (inflation!).
Despite being so absurd, The amazing thing is that Nobel Prize winning theories rely on this !
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