COMMENT:

In the 1987 classic film Wall Street, Gordon Gekko (played by Michael Douglas) tells a young trader, Charlie Sheen, that, "greed is good". However, we all know that greed is the undoing of most, if not all investors.

Consider this: two years ago, investors piled into a 100-year bond issued by Argentina, with the lure of a compelling 7.9 per cent yield. Unfortunately for those who got suckered in, this week, with the Argentinian election surprise, those bonds have collapsed and are now trading at half their face value. The question is, what were people thinking?

When you look

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