From the performance of many assets you’d think Lehman Bros. bankruptcy never even occurred:
Junk bonds have recovered most of their value:
Stocks are just20% below their 52 week high:
Many of the large banks have returned to their pre-Lehman levels:
Safehaven assets have performed well:
Image source: Reuters
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.