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Is the Crystal Ball Clearing? | 148 comments (147 topical, 1 editorial, 0 hidden)
Re: A shift in expectations (none / 0)
The assumption the proceeds can be reinvested is central to the very concept of internal rate of return and the associated concept of reinvestment risk.

So investment theory is bollocks. Oh, well...

There are three stories about the euro crisis: the Republican story, the German story, and the truth. -- Paul Krugman

by Migeru (migeru at eurotrib dot com) on Tue Mar 13th, 2012 at 10:28:44 AM EST
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Is the Crystal Ball Clearing? | 148 comments (147 topical, 1 editorial, 0 hidden)
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