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WisdomTree Yield Enhanced Global Aggregate Bond Fund WisdomTree Trust
In The Great Crash of 1929, John Kenneth Galbraith describes the bezzle, the "inventory of undiscovered embezzlements," that grows in times of rising markets. When the markets collapse, these schemes are exposed and lead to large losses for investors. But Galbraith identified a sweet spot after the embezzlements have been committed and before they are found out:
"Weeks, months, or years may elapse between the commission of the crime and its discovery. (This is a period, incidentally, when the embezzler has his gain and the man who has been embezzled, oddly enough, feels no