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Joe is an investment advisor who works mainly with retired couples. He looks for investment alternatives that provides diversification, low management fees and maintains


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Joe is an investment advisor who works mainly with retired couples. He looks for investment alternatives that provides diversification, low management fees and maintains capital. He was impressed with the peformance of two ETFS that he chose for one of his clients a few year ago....during low inflation. Despite the fact that we are entering a time of higher inflation, Joe is now recommending this ETF to many of his clients. What bias is influencing him?

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