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Remember, the beta is the slope of the line. Notice how the slope of the line is negative, unlike the slope of the line for AIG and Yum! Part of the attraction of investing in gold is that when the world falls apart, the gold (hopefully) will be there for you, and that insurance is valuable and would lead you to ask for low or negative returns.
How Finance Works: The HBR Guide to Thinking Smart About the Numbers
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