The NAIC's own data suggest that its emphasis on small growth stocks may have taken a toll on recent returns. Mr. O'Hara, however says that the NAIC will continue to follow the same investment principles that have guided it since its inception in 1951. I have been in a club for 58 years and we have averaged a compound annual rate of 13.2 percent. They have an educational value. They encourage savings.
People probably make very good friends.
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