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Charlie said....

"...whereas when I read something like the Richelson's book, I find myself screaming at them for their repeated stupidity."

Presumably that would be Hildy and Stan Richelson's, "The Unbeatable Path To Secure Investment Growth". If so, that was the first bond specific book I ever bought (2007). I found the book completely non-insightful. I put the book down, never looked at it again, and never studied bonds again until early to mid 2008 when I started noticing extremely attractive YTM's and decided it was definitely time to "dip my toe in the bond waters".

Thankfully I was lucky enough to start buying my first individual bonds when the picking was quite easy (but scaring). I remember by mid September 2008 when Lehman fell, I was scared each time I made a buy but luckily I kept buying. Up until that time, I did not have the dicipline to size my individual investments small relative to the size of my overall portfolio. Fear during 2008 and 2009 made me start sizing positions appropriately. I remember thinking something like..."surely not all of these companies can go bankrupt".
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