The blow up of Bear Stearns reminds me that it doesn't matter how many years of spectacular results a firm may have, anything times zero is zero. You would still lose everything you invested in. And it is almost impossible to go bust unless leverage is used. It is very important that when investor leverage up, they are very clear that it would increase the chance of going bust significantly.
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Opinions about the stock and debt market, economy of US, Canada and Hong Kong and occasional stock ideas
