Friday, October 7, 2016

Quote of the day

It seems to me that there are about two deep financial literacy questions:
  1. Does your plan to finance your future lifestyle rely on miracles occurring?
  1. If I offer you a 20 percent annual risk-free return, am I lying?
If you can answer those questions confidently and correctly, you can think that bond prices get purple when interest rates are hexagonal, and you'll be fine.

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