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Gullible's Travels: Journeys in Plan Design
Mercer 
Oct. 31, 2007
Excerpt: Many of you will have encountered the 'Does investing plan assets in equities instead of bonds really generate shareholder value?' version of this debate. As a gullible young actuary, I was convinced that equities were the better choice. Now, as a gullible older actuary, I have been convinced that there is little difference between the two.
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