At 2:49 PM -0400 on 7/17/01, R. A. Hettinga wrote:
> The fact that most "junk" bonds had proportionately higher total investment
> returns and interest rates because government "prudent man" regulations
> forbid their purchase by pension funds and other institutions -- rather
> than the dictates of actual financial theory -- further compounded their
> eventual fall from grace when said regulations were revised when some
> people made "too much" money, only compounds the mythos of the "High Yield"
> "Investment" "Plan".
Woops. I seem to have double-compounded that paragraph, thus giving it a,
um, higher compound yield, than it really should have had...
<ducking>,
RAH
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R. A. Hettinga <mailto: [EMAIL PROTECTED]>
The Internet Bearer Underwriting Corporation <http://www.ibuc.com/>
44 Farquhar Street, Boston, MA 02131 USA
"... however it may deserve respect for its usefulness and antiquity,
[predicting the end of the world] has not been found agreeable to
experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire'
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