Of vs. On January 11, 2000 Dear Investor, Mark Twain’s famous quote that the return of his money is more important than the return on his money seems quaint in an era of parabolic tech stock returns. And understandably, in heady times like these, talk of risk seems trite. The paradox, however, is that risk increases as market multiples increase and that many investors have dangerously decided that risks apply to someone else, not to them. At...