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Unfortunately I cannot access the article... could anyone summarize the content? Thanks

• goldenkey 9y ago
  Bitter experience has shown that debt-funded assets can magnify losses, causing financial crises. For this reason banks must be able to withstand any reversal of today’s high asset prices and low defaults. That means raising bank capital in places where it is too low, especially the euro zone, and not backsliding on strenuous “stress tests” as America’s Treasury proposes. In the end, however, there may be no escape for investors from the low future returns and even losses that high asset prices imply. They and regulators should take a leaf out of “The intelligent Investor”, and make sure that they have a margin of safety.
• dredmorbius 9y ago
  http://archive.is/bNRMM http://archive.is/bNRMM
  • bendoernberg 9y ago
    Looks like you're shadowbanned Goldenkey
• chvid 9y ago
  Use a private browser