Re: thoughts on Merril Lynch notes/my meeting with financial advisor
There is no such thing as free lunch. It this wored as described, every fund manager out there would just buy this product for his fund instead of trying - and mostly failing - to beat the market himself.
Either you are confused or the salesman (aka 'advisor') is BSing you. Or both.
You are 100% correct that there is a very close relationship between risk and reward, and any deviation from that relationship is arbirtraged out.
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