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Excellent presentation today on the history of bonds and bond returns vs. standard deviation. The attendees probably learned some new information about bonds, and I was still a bit surprised to see that 2022 was the worst year in almost 100 years for bonds but that it is also likely to be a decent time to buy bonds, if not now, then possibly soon. I appreciate Craig's empirical analyses and attention to detail, but it's also presented in an easy-to-understand way.