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Merge pull request #433 from 8fold/update-ultimate-portfolio
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update: Short-term chars - testing CD
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@joshbruce
joshbruce authored Apr 27, 2024
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Expand Up @@ -14,7 +14,7 @@ Assertions:

The first 2 assertions are why it's called The Universal Portfolio.

The Universal Portfolio is based on Permanent Accounts and the Net Worth Calculation. For the uninitiated, that means means Assets and Liabilities and the following calculation:
The Universal Portfolio is based on Permanent Accounts and the Net Worth Calculation. For the uninitiated, that means Assets and Liabilities and the following calculation:

```
Assets - Liabilities = Net Worth
Expand All @@ -29,10 +29,11 @@ We'll break Assets down into 4 sub-concepts:

Let's cover the characteristics of each.

**Short-term Assets (and Revenue):**




1. Things you have or receive.
2. The historical real rate has been relatively neutral compared to the other categories.
3. Historically, they are more favorable in deflationary environments.

We'll do this in 3 rounds with 3 asides to help define some terms.

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