You Want High Returns? Brace Yourself For High Risk

Commentators have marveled how some of the best-managed banks in the U.S. and Europe, and the best minds on Wall Street, could have suffered such disastrous losses from investments in Asia, Russia, and elsewhere. These losses reveal not only that there are few free lunches available to investors but that it may be difficult even for the smartest to distinguish great opportunities from risky strategies.

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