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发表于 2010-7-20 07:15 PM
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Your definition of "investment" is too narrow. There are some investments that would generate periodic cash flow, but they are only a small portion of the world. Investment, broadly defined, means anything that could have an aggregate future value greater than your original purchase price. By your definition, real estate and fine art would never be an investment because they never generate any cash flow (sometimes negative because of property taxes). |
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