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William Bernstein on stocks, bonds, and the economy

The New Bazaar

CHAPTER

The Case Against Corporate Bonds

The speaker argues against including corporate bonds in individual portfolios, explaining that the minimal yield difference compared to treasury securities is not worth the potential bankruptcy risk. They suggest that investing in stocks is a better option for taking credit risk. The chapter also discusses the relevance of the 1970s period in economic history and offers strategies to mitigate the effects of inflation.

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