of the discussion Mr A. M. Kaufman, Hon.F.I.A. (introducing the paper): I had a dream the last night ö I guess you are wondering what I am talking about! I had entered a lift and was followed in by my chief executive (CEO), which was a little surprising, because I have exited the world where I had a CEO, but this was a dream. He said that he was on his way to the sixth floor to a meeting with some important investors, and he expected to be asked three questions. First, how much capital did he think this firm …
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