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there are going to be a lot more inventions like this.
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So, that's why I think finance will be
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an interesting field
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for those of you who choose to go into it.
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Finally, I just want to say, next lecture is January twenty-eighth
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and we're going to talk about portfolio diversification,
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which is one very important application of
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the fundamental principle of risk management,
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as applied to securities.
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It's more narrow than my very broad discussion.
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It's not public finance, it's not insurance,
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but it's one of the most important fundamental theories