Return Is Risk: "Generous Yields Should Have Alerted Them to Risks". Today's New York Times has the quote of the week in a story "Summer School For Investors Is in Session". Columnist Gretchen Morgenson discusses the CDO (collateralized debt obligation and mortgage market meltdown, saying, "Investors bought into the myth of highly rated securities even though their generous yields should have alerted them to risks." We're always been believers that risk equals return, that there's no free lunch, and that you can learn everything you need to know about an investment by just looking at the yield. The article also has a chart entitled, "Everybody Gets AAA".

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