About eight to 10 years ago they got a bad rap, and in my opinion deservedly so.

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Like anything, ... you got to use some common sense.

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When talking about equipment, it's important to look at what kind of equipment the fund will be buying, ... It may be the kind of equipment with a long life that doesn't become obsolete over time. An airplane, for example, lasts over the long term and has a good resale value, but computer equipment may have a shorter useful term.

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