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Instructions: Please write a thorough, well-organized essay to answer each question. The Greeks developed an understanding of what it means to be human that had a lasting impact on the Western tradition. Explain that vision of humanity. (Please note that Chapter 3 only begins to discuss this topic.)
Well-diversified Portfolio
A portfolio that includes a wide variety of investments across different asset classes in order to reduce risk.
Variance
A statistical measure of the dispersion of returns for a given security or market index, often used to gauge volatility.
Fairly Priced Securities
Securities that are priced accurately based on their inherent risk and expected return.
Alphas
The excess returns of an investment relative to the return of a benchmark index, indicating the added value by the portfolio manager.
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