Via BankersBall :

Now take a Bad Boy, put him in a Brioni suit and you have Mr. Junk Bond.

Dating Mr. Junk Bond (JB) is akin to the non-investment bond grading system. Initially, Mr. Junk Bond is a Ba/BB. JB is charming, unpredictable, decisive and intense. His offer of a high interest rate despite the speculative aspects is irresistible. JB’s late hours in finance indicate hard work and intelligence. You reconcile JB’s bad boy behavior with the nascence of the relationship.

JB quickly plummets to Caa/CCC rating when you can’t remember when your last real date was and he only calls you “babe”. You begin to wonder if JB remembers your name. Then again, you realize, he has to know your name – it’s in your email address.

Nonetheless, the D rating of payment default is looming. JB only seems to have time for you after 10 pm (aka the booty text).

Booty texts may take the form “U awake?” or “U out 2nite?” and often make you wonder whether JB sent the text message to more than one girl. Was it some kind of mass mailed booty text? Perhaps even booty text spam?

As investors, you are cognizant of why you shouldn’t play with junk bonds, but resisting the temptation is difficult. Sometimes you have to dive in and make a really bad investment to learn. Unfortunately, you may have to keep adding more than one JB to your portfolio repeatedly before you learn the lesson of JB’s danger and allure.