William J. Bernstein Quote

When the barbarians are at the gates, interest rates rise and bond prices fall precipitously.


Chapter 1, No Guts, No Glory, p. 13. - The Four Pillars of Investing (2002)


When the barbarians are at the gates, interest rates rise and bond prices fall precipitously.

When the barbarians are at the gates, interest rates rise and bond prices fall precipitously.

When the barbarians are at the gates, interest rates rise and bond prices fall precipitously.

When the barbarians are at the gates, interest rates rise and bond prices fall precipitously.