Viewed: 62 - Published at: 9 years ago

There is always home, sweet home. As an insurance policy or a pension plan, however, this strategy has one very obvious flaw. It represents a one-way, totally unhedged bet on one market: the property market. Unfortunately, as we shall see in the next chapter, a bet on bricks and mortar is very far from being as safe as houses.

( Niall Ferguson )
[ The Ascent of Money: A ]
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