(2011) and Pradhan et al.
to understand the type of errors that are prevented with the JOINt system, consider the following example (from document WSJ-2428): • [Robert Dow, a partner and portfolio manager at Lord, Abbett & Co.] M 1 , which manages $4 billion of high-yield bonds, says [he] M 2 doesn't "think there is any fundamental economic rationale (for the junk bond rout).