Investing at Level3 Author:James B. Cloonan Higher Returns With Minimal Risk for the Long-Term Individual Investor — In "Investing at Level3," Cloonan goes against virtually all the beliefs of current theory and practice, showing that: (a) It is very possible to exceed the average market returns, (b) Volatility is not an appropriate measure of risk for the long-term investor, and... more » (c) Much of asset allocation and diversification is not a 'free lunch' and is overdone at great expense.« less