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High-Grade Utilities

5 Jens Jantzen & Louis Landeman Bear Stearns

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What was one of the worst calls to make over the past year in your sector that you avoided?

The main event in the energy sector was obviously the demise of Enron, which to some degree caused spillover into other (mainly US) energy names, like El Paso. Avoiding this drama was not difficult, as we believe you should not invest in names that you do not entirely understand, or where you run the

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