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How do Patrick Dougherty's sculptures relate to the cycle of life?
Standard Deviation
A statistical measure that quantifies the variation or dispersion of a set of data points, often used to assess the volatility of an investment.
Separation Property
The property that portfolio choice can be separated into two independent tasks: (1) determination of the optimal risky portfolio, which is a purely technical problem, and (2) the personal choice of the best mix of the risky portfolio and the risk-free asset.
Risky Portfolio
An investment portfolio that contains assets with a higher degree of risk, potentially leading to higher returns or greater losses.
Complete Portfolio
The entire portfolio, including risky and risk-free assets.
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