Barron’s – Risk has become the ultimate four-letter word for managers of investments of major institutions such as pension funds and endowments.
And risk, as they see it, extends beyond the chance of loss in overpriced stocks such as Facebook (ticker: FB), which plunged 9% Monday in reaction to Barron’s cover story. In case you somehow missed it, colleague Andrew Bary soberly concluded the social-media stock is still too rich even having been cut nearly in half since its disastrous initial public offering in May and could fall to $15, from $20.79 at Monday’s close.
