Breaking the Black Box
Remember how in school on math tests we were always asked to show our work? That way if we basically understood what we were doing but made some silly mistake that led us to the wrong answer we could still get some of the credit. Of course it also meant that if we were going about the problem incorrectly but somehow lucked into the right answer -- or worse if we cheated and copied the answer from our neighbor -- we would not get full credit. Well we need to show our work in the investment process. Specifically in ...
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