Opinión

La conversión

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La conversión
Carlos De Fuenmayor
En los mercados, obtener rentabilidad requiere una importante labor de análisis y asumir volatilidad.

En los mercados, obtener rentabilidad requiere una importante labor de análisis y asumir riesgos.

Resumen:

Contaba Marguerite Yourcenar –la autora de las célebres Memorias de Adriano– que una vez encontró, en una carta de Flaubert, esta frase inolvidable: “Los Dioses no estaban ya, y Cristo no estaba todavía, y de Cicerón a Marco Aurelio hubo un momento único en la historia en que el hombre estuvo solo”.

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","iv":"fb15efea1040197e266776641dce7963","s":"5fad9715b27a1b44"}