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The tyrant "has desires which he is utterly unable to satisfy, and has more wants than any one, and is truly poor, if you know how to inspect the whole soul of him: all his life long he is beset with fear and is full of convulsions, and distractions, even as the State which he resembles."
Tuesday, August 5, 2014
Intermediate term bonds have beaten stocks handily over the last 15 years
Morningstar shows the total return from VBIIX for the last 15 years at 6.45% per annum to August while the average return from the S&P500 for the 15 years through June has lagged at 4.23% nominal.
