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The name Morningstar is taken from the last sentence in Walden, a book by Henry David Thoreau; "the sun is but a morning star". [8] [9] In July 1999, Morningstar accepted an investment of US$91 million from SoftBank in return for a 20 percent stake in the company. The two companies had formed a joint venture in Japan the previous year.
Experts used to recommend a 4% withdrawal rate, but due to longer lifespans and less optimistic projected returns, the financial services firm Morningstar now recommends a more conservative 3.7% ...
Morningstar went public in May 2005. [2] Through his company Mansueto Ventures, Mansueto purchased the financial magazines Inc. and Fast Company in June 2005. He was a limited partner in the publication of the entertainment magazine Time Out Chicago from 2005 to 2013. [6] As of June 2008, Mansueto owned about 60.4% of Morningstar common stock. [7]
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Over the past 100 years, the average July temperature in Phoenix has risen dramatically. In the 1920s, it ranged from 89.3 to 92.7 degrees; in the past decade, it sat between 94.7 and 102.7 degrees.
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