random points

• catch up effect = the property whereby countries that start off poor tend to grow more rapidly than countries that start off rich (Mankiw)
• mutual fund = an institution that sells shares to the public and uses the proceeds to buy a portfolio of stocks and bonds (Mankiw)
• stocks = a claim of partial ownership in a firm (Mankiw)
  
• bonds = a certificate of indebtedness (Mankiw)
• Navotas fishport = supplies 80% of the NCR requirements (Entrepreneur)
• 47 years old = average age of the superwealthy (New Elite by Taylor, et. al.)
• rational man = economic man = homo oeconomicus