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Top links: The most dangerous phrase in investing

A roundup of what The Globe and Mail’s market strategist Scott Barlow is reading this morning on the World Wide Web.

The phrase that preceded the biggest client losses during my 20-year career in brokerage was “it’s a great story” as a description of small-cap stocks. Stories by their nature are sanitized, palatable versions of reality and were frequently used to hide inconvenient truths like high valuation levels, regulatory risk and unproven business plans.