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Strategies & Market Trends : Gorilla and King Portfolio Candidates
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To: Jacob Snyder who wrote (51182)5/1/2002 11:52:09 AM
From: Thomas Mercer-Hursh  Read Replies (1) of 54805
 
While junk bonds have certainly had their individual spectacular disasters ... not unlike some individual stocks ... as a class of instrument they are hardly as risky as the public impression would lead one to expect and there have been long periods when the small additional risk has been quite justified for the higher return when compared to the certainty of getting essentially no return on totally safe instruments.
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