When I was in elementary school, I hung out with a guy whom I’ll call Jake.
He wasn’t a great student, nor was he athletic. His left eye drifted and his mouth was a little crooked.
But I liked the guy. At noon, we sometimes walked to his house and his mom made us sandwiches and fries.
Jake didn’t badmouth other kids. He was loyal. He also kept me out of trouble. Plenty of people have Jakes in their lives.
But far too often, we push our Jakes away. They might not be exciting. They might be a little quirky.
In some cases, either socially or professionally, we might think they hold us back.
Today, that’s what many people think about bond market funds.
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