29.12.2017 • 13:00 GMT
When Risk Doesn't Pay, Beware
John Kicklighter
• Most market participants worry about opportunity while too few consider where value is coming from
• There are times when market levels diverge from value - high return and low risk is a 'free lunch', the alternative a problem
• Our current market conditions reflect a troubling over-indulgence that could very well have no alternative end but a crisis
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