Pinguin (gun0016)

Race #4782

View Pit Stop page for race #4782 by gun0016Ghost race

View profile for Pinguin (gun0016)

Official speed 94.79 wpm (61.40 seconds elapsed during race)
Race Start December 31, 2018 10:27:40am UTC
Race Finish December 31, 2018 10:28:42am UTC
Outcome No win (3 of 4)
Opponents 2. banbazi (97.16 wpm)
Accuracy 97.0%
Points 121.64
Text #3640303 (Length: 485 characters)

Ultimately, the real yield on stocks - and, therefore, through arbitrage, the real yield on longer bonds - is determined by the profitability of corporations and the real return that they earn on their capital. It is useful to distinguish between physical and financial returns. The return on physical capital includes here the return on the organization, management, and the so-called human capital - that is, the education, training, experience, and esprit de corps of the workforce.