21.   But an investor must pay, often handsomely, for this right to have his cake and eat it, too.

22.   But exactly what that gap should be, the premium investors should pay for faster growth, is a continuing debate.

23.   But investors pay for bright prospects.

24.   But none of this takes into account the price an investor is paying because of the relative underperformance of the funds compared with their peers.

25.   But media investors generally pay little attention to net profits or losses, concentrating instead on revenue and cash flow.

26.   But the real issue was the price investors paid.

27.   But the Republican analysis reduces this estimate by the amount of extra taxes investors will voluntarily pay because they decide to sell off more stocks and bonds than usual.

28.   But, as with any cash management account, an investor pays in other ways for the convenience of one-stop shopping.

29.   By focusing only on equities, investors are also paying too high a price whenever they want to reduce risk.

30.   Ciesielski advises investors to pay no attention to pro forma numbers and to do their own math to find out where companies really stand.