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Scientific Sociologists Make Use of What Max Weber Called "Verstehen

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Scientific sociologists make use of what Max Weber called "verstehen" to make sense of their surroundings.


Definitions:

Total Excess

The amount by which the total returns on an investment exceed the benchmark or guaranteed returns.

Bogey Portfolio

A benchmark or target portfolio with which the performance of an investment portfolio is compared.

Managed Portfolio

A collection of investments overseen by a financial professional who makes buy and sell decisions.

Modigliani M2

A measure of the risk-adjusted return of a financial portfolio, modified by Franco Modigliani for different levels of risk.

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