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U can't always get what U want ...
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U can't always get what U want ...

U can’t always get what you want …

I just came across an older piece, but as it´s still funny, I want to share it with you;)

And, btw, it illustrates very nicely the entertaining way, in which American professors write academic books ... I love that;))

Back to topic: It is the favorite story of Robert Kirby of Capital Guardian Trust, quoted by Burton G. Malkiel on page 276 of his famous book „A Random Walk Down Wall Street“, to sum up his chapter about Modern Portfolio and Capital Asset Pricing-Theory, and as an illustrative example that it is important to know about all different kinds of risk measures for financial investments, because there will never be one genious investment advisor, who knows it all.

So how does he explain that dry matter?

Here you go:


A little old lady was sitting in her rocking chair on the porch of the retirement home when a little genie appeared and said, „I´ve decided to grant you three wishes.“
The little old lady answered, „Buzz off, you little twerp, I´ve seen all the wise guys I need in my life.“

The genie answered, „Look, I´m not kidding. This is for for real. Just trust me.“
She shrugged and said, „Okay, turn my rocking chair into solid gold.“
When, in a puff of smoke, he did it, her interest picked up noticeably. She said, „Turn me into a beautiful young maiden.“
Again, in a puff of smoke, he did it. Finally, she said, „Okay, for my third wish turn my cat into a handsome young prince.“
In an instant, there stood the young prince, who then turned to her and asked, „Now aren´t you sorry you had me fixed ?“
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maxpower maxpower
2006/03/31
hehe, i had to think twice before i got it^^ thats why i'm german and not english :D

drb drb
2006/03/31
and at 5 in the morning and after your little celebration, that is even more difficult ;)))

but uebung macht den meister ;)))

Hallo Besucher!
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drb

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