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In the previous chapter, we dealt with historical returns and variances. In this chapter, we focused
on expected returns. Why did we need to make the switch from historical to expected? Why not use
historical returns for both chapters or else use expected returns for both chapters?
Populist Leaders
Political leaders who claim to represent the common people, often by contrast with the elite, and usually promote policies that appeal directly to the interests and emotions of the general populace.
Treaty of Maastricht
An agreement signed in 1992 that led to the creation of the European Union (EU) and established its foundational economic and political structures.
National Front
A political party or movement in various countries, often characterized by its nationalist, xenophobic, or far-right ideologies.
Algerian War
A conflict between France and the Algerian National Liberation Front from 1954 to 1962, leading to Algeria gaining its independence from France.
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