The Compound and Friends cover image

High Conviction

The Compound and Friends

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Stocks and Bonds Aren't the Best Hedge Right?

"You can never assume anything's a safe harbor right that's right," says David Frum. "I think it leads people down some dark alleys when they're convinced that stocks and bonds won't be good enough", he adds. If you want to use it as a hedge just put 90 percent of the money to the s&p putting 10 percent in cash will have same drag, Mr. Frum argues.

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