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June 9, 2010, The Decumulation Beat

The Sure Thing vs. The Gamble

By Kerry Pechter   Wed, Jun 09, 2010

There may be a certain futility to creating supposedly win-win products for a market that thrives by generating losers and winners.

“The one investor who always loses money is the man who wants a piece of paper that represents both a sure thing and a gamble.”


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