Wrangell Sentinel -

The advice for Las Vegas gamblers is don’t bet more than you can afford to lose. It’s generally the same advice for investors: Don’t take more risk than you can afford, even when the riskier bets look like they could pay off the same as 21 at the blackjack table.

The six members of the Alaska Permanent Fund Corp. board of trustees should take this advice to heart.

Most every investment is a gamble — company stocks can drop in price, bonds may be worth less if borrowers stop repaying their debts in full, real estate can fall in value, interest rates can move in an unexpected direction and start...