With no strong track record in financial matters, he had been an unlikely choice for that post.

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He also told MSPs the capital city had a "particular claim" to be the location for the green investment bank because it's financial institutions have a strong track record in lending to renewable energy companies.

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Almost 3 decades later, his model and a mutual fund based on it have accumulated quite an enviable track record, even through the financial crisis in 2008.

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As evidenced by the way in which China rapidly shifted from monetary and fiscal tightening to monetary and fiscal ease in October 2008 and successfully navigated the global financial crisis, the government has had a generally good track record of manipulating those controls.

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But the financial community has come to have confidence in him: his track record for making the right decisions is hard to argue with.

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Mr. Buffett's track record has been built on successful investments in insurers, financial companies and industrial businesses, including household names like Coca-Cola Co.

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The CBI said Mr Carney's "strong track record as the Canadian central bank governor and extensive experience in international financial regulation mean that he is well positioned to guide Britain through challenging economic times".

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But Mr Alexander argued that the financial future for an independent Scotland was a lot less secure than Mr Swinney suggested because the country had "no track record".

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