British financial journalist John Blinder highlights fundamental principles that have stood the test of time. Diversification in investment is necessary to achieve stability and reduce risks.
While gold may not provide insurance against falling prices, government bonds are seen as a more reliable hedge. In conclusion, Blinder reflects on the continuing rise of debt, acknowledging the inevitability of a major debt reckoning. The conclusion reflects the cyclical nature of financial markets and the need for investors to adapt to the evolving nature of markets.