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Which portfolio had the highest standard deviation during the period between 1900 and 2014?
Taxation Theory
The study of how taxes affect the economy, focusing on the optimal design of tax policies to achieve various economic objectives.
Net Worth
The total value of all assets owned by an individual or organization minus any liabilities or debts.
Assets
Economic resources owned or controlled by an individual or a business, which are expected to provide future benefits.
Liabilities
Financial obligations or debts that a company owes to others, which must be settled over time through the transfer of economic benefits including money, goods, or services.
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