Inflation, Deflation, Confiscation & Devastation- The Four Horsemen Of Risk

Inflation, Deflation, Confiscation & Devastation- The Four Horsemen Of Risk

Noted financial advisor and historian William Bernstein makes a compelling case for stocks in his e-book Deep Risk: How History Informs Portfolio Design. In the introduction, Bernstein begins by offering an operational definition of risk. Risk is the size of real capital loss times the duration of real capital loss. This gets at the idea…

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Source: Retirement Researcher

Inflation, Deflation, Confiscation & Devastation- The Four Horsemen Of Risk

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