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For people who pick up the habit at a tender age, its imperative that they quit as soon as possible, Thomson said

Distribution of Monte Carlo simulations in fat-tailed short-horizon model Source: FactSet Thus, for sectors, securities, or portfolios where returns are not normally distributed, we can see additional value added from using a fat-tailed short-horizon model, as it will pick up the changes in market regime faster and will provide a risk estimate that follows closely the actual distribution of returns

However, feeling better doesnt automatically mean the root cause has been resolved

And there does appear to be an unexpected twist