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Tail risk can be reduced by improving a portfolio's overall risk-return characteristics. Often this approach will blend several distinct strategies: broader diversification, volatility-based risk management, and drawdown control, perhaps combined with active management strategies such as managed futures or low-beta equities.

Best-of-class medical care can be achieved only if all of a patient's caregivers work together across the continuum of care. It is important for patients to understand what should happen during the four key areas of care – case immersion, diagnosis, treatment, and follow-through – because research shows that mistakes occur most often when patients are entering or exiting these stages.

Socially responsible investing has focused largely on what investors don't do, such as choosing not to invest in tobacco, weapons manufacturers, or alcohol. Socially innovative investing takes the concept a step further by reviewing securities across a spectrum of criteria that weigh both social responsibility and financial fundamentals.

U.S. interest rates are unlikely to spike at the end of QE2 because the market has already priced in the completion of Fed purchases, but moves toward fiscal consolidation in Europe are likely to damp economic growth. Policymakers need to proceed cautiously with normalization as they have little ammunition left to battle renewed weakness in aggregate demand.

Not all master limited partnerships offer the same level of stability and predictably of current income or growth, and the impact when distributions are materially cut are catastrophic to investment values. Investors who are attracted to the core value proposition of MLPs – income and stability – will most likely benefit from taking a high-quality investment approach to building a portfolio.

Finding the right thing to say to a friend with cancer can be difficult. But by responding in a way that feels comfortable, respecting privacy, being supportive, and finding concrete ways to assist, you can show that person you care and want to help.

Developments in the European Monetary Union and the United States have raised new questions about whether political systems can deliver timely solutions to medium-term fiscal imbalances. However, the authors do not believe these imbalances will derail the global recovery, lead to problematic inflation, or prevent companies from making money.

While political upheaval in the region is a legitimate concern for investors, the tumult provides an entry point into what may become an increasingly important market. Economic fundamentals are strong, the regional GDP is improving, and governments are supporting programs and infrastructure to facilitate growth.

Frontier markets are considered to be low-liquidity outsiders beyond developed and emerging markets. They offer the potential for strong long-term returns and diversification benefits at a reasonable level of volatility. However, they come with significant risks that need to be factored into an investment strategy.

Modern dynasty trust laws, such as those in South Dakota, provide the settlor with the flexibility to deal with uncertainty while maintaining the benefits of intergenerational planning. Directed trusts, trust protectors, special purpose entities and other state statutory trust provisions provide the flexibility that has made the modern dynasty trust a popular planning tool for 2011 and beyond.