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Up0
I chanced upon this a while ago and found it an interesting read. I’m not sure if you guys have come across this, if not, check it out!
http://konvexity.wordpress.com/2013/01/09/i-am-risk-free-rate-dont-you-want-to-meet-me/
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Up2
Reminds me of the Mr Market analogy by Grandaddy CFA Benjamin Graham: http://en.wikipedia.org/wiki/Mr._Market
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Up1
:d yes I had read it some time back
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