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Look before you leap. A cliché, but…

Two disparate pieces of recent news highlight the risks of knee-jerk reactions

Two disparate pieces of recent news highlighted the risks of knee-jerk reactions. A year ago, when celebrity bond manager Bill Gross left the firm he co-founded in the 1970s, Pacific Investment Management Co., investors fled his flagship Pimco Total Return Fund. To be sure, the fund had been sufferi

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