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FINANCIAL ASSET: A legal claim to or ownership of a physical asset. Common financial assets are stocks, bonds, money, and government securities. These are also termed paper assets.
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FALLACY OF FALSE AUTHORITY The logical fallacy of arguing that something is "correct" or "true" because an "expert" in an unrelated area says so. This is commonly used by both advertisers, politicians, and anyone who relies an "apparent expert" for the "correct" answers to controversial issues.
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In his older years, Andrew Carnegie seldom carried money because he was offended by its sight and touch.
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"We may affirm absolutely that nothing great in the world has been accomplished without passion." -- Hegel
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BLUE Best Linear Unbiased Estimator
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