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We tend to think of the stock and bond markets as relatively recent historical phenomena, but, in fact, there have been credit markets since human ci… - William J. Bernstein
" "We tend to think of the stock and bond markets as relatively recent historical phenomena, but, in fact, there have been credit markets since human civilization first took root in the Fertile Crescent.
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About William J. Bernstein
William J. Bernstein (born 1948) is an American financial theorist. He is known for his research in the field of modern portfolio theory and for his finance books for individual investors who wish to manage their own equity portfolios. He lives in Portland, Oregon.
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