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Unfortunately, there were two huge problems with the risk profiles encapsulated by the VaR models. First, the underlying probabilities on which the models were built were based on past market movements; however, in financial markets (unlike beer tasting), the future does not necessarily look like the past.

Naked Statistics

Charles Wheelan

The largest of all our proteins is called titin, which helps to control muscle elasticity. Its chemical name is 189,819 letters long, which would make it the longest word in the English language except that dictionaries don’t recognize chemical names.

The Body

Bill Bryson

A newly released national survey suggests the percent of adults who have used illicit drugs increased to 12.8 percent in 2022, up from 7.8 in 2001, though still below European averages.

Once Hailed for Decriminalizing Drugs, Portugal Is Now Having Doubts

Anthony Faiola and Catarina Fernandes Martins

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