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Nixon/Carter,exports,world
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Clay SEIA
Posted 11/22/2012 09:24 (#2710504 - in reply to #2710456)
Subject: Re: Nixon/Carter,exports,world



Well, that's just it. People make decisions without a factor to account for unforeseen things that will go wrong. Now, it's a fact that really every decision you make has that as an element, or else you would have to be a hermit and never take a chance on anything that involves risk. There will always be somebody getting lucky and somebody getting hurt, and sometimes the only difference is timing. I recently ran across some of my grandpa's papers on a couple of small operating loans from that era. 8% on the first one, 17.5% two years later.
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