“They have their standard deviations, correlations, ‘stable value’ and ‘real return’ funds and nothing for what the normal human being would call risk at all,” said Frederick E. Rowe Jr., a money manager at Greenbrier Partners in Dallas. “They’ve taken the word ‘risk’ and hijacked it. The concept of risk — the permanent loss of capital — vanished in the minds of the people who speak the new language.”
Saturday, August 18, 2007
Evading Reality - 6
From the Gretchen Morgenson article cited before
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2 comments:
Off topic but I am puzzled how is it 10.21 AM Saturday on your blog when it isn't yet 10.21 AM Saturday in time zone GMT +5.30 hrs (IST).
Blogger.com lets one set a date and time for the posting. I mistyped.
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