Examlex
As soldiers on both sides realized that no one could gain an advantage in trench warfare
Tobin's Separation Property
A principle in investment theory that suggests the investment decision can be separated from the financing decision, primarily developed by James Tobin.
Risk Aversion
The inclination to avoid taking risks, preferring safety over potential higher returns.
Optimal Risky Portfolio
A portfolio that offers the highest expected return for a given level of risk.
Systematic Variance
The portion of a security's return variance that is attributable to macroeconomic factors and cannot be diversified away.
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