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In principle, junk bonds are basically useful, but they are used excessively and irrationally, notably in takeovers.

Junk bonds prove there's nothing magical in a Aaa bond rating.

The credit quality of junk bonds varies widely.

Once a Bond fan, always a Bond fan.

The rating agencies historically actually did a pretty good job rating regular bonds.

Even the worst Bond movies, there's something to love about them.

Many novice real estate investors soon quit the profession and invest in a well-diversified portfolio of bonds. That's because, when you invest in real estate, you often see a side of humanity that stocks, bonds, mutual funds, and saving money shelter you from.

Like a lot of kids, you kind of think baseball's boring - that's the perception.