Ok dont make fun of me but I was wondering when they say paper do they mean that thing made from trees?
could mean commercial paper, or more broadly bonds
or in implementation shoftfall. the paper portfolio is the hypothetical portfolio…
haha, 3rd & long’s answer is apparently a joke 
UH? No. 3rd and Longs isnt a joke. Its for real.
it was a quote 
thought it looked familiar