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reflects expectations about assets over the long term and is designed to reflect your long term objectives and appetite for risk. Tactical asset allocation (TAA) refers to • If you sell a fixed interest investment prior to maturity and interest rates rise during the time you hold the investment, you will receive a lower value than you
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tified as superior investors, the most recent identifica- tracks the records of investors who stick to the Graham & Dodd investors are doing through the me- buy a dollar bill for 40 cents, but the expectation of $80 million, particularly if you