If 2022 taught you never to own bonds, you learned the wrong lesson

Across the Monevator comments and beyond, a cry has gone up: “Bonds are bad! Down with fixed income! Duration is for dummies! Stick your equity cushion where the sun don’t shine!” It’s not hard to see where the hate comes from. 2022 has been a terrible year for bonds. I don’t mean terrible ‘for bonds’ […]