Apr 5, 2013

Raymond DeVoe on reaching for yield

Keeping score on investments is tough. For instance, it can push you to seek out the highest yield you can find on an income-producing investment, rather than balancing yield against risk. More money has been lost reaching for yield than at the point of a gun.

~ Raymond F. DeVoe, Jr., Legg Mason Wood Walker analyst, February 22, 1995

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