Counter argument: people invest in bonds. Quite a lot of bonds in fact. Picking up pennies in front of a steam roller and counterparty risk seem to be perennia

Counter argument: people invest in bonds. Quite a lot of bonds in fact. Picking up pennies in front of a steam roller and counterparty risk seem to be perennial favorites of youth, but I hazard to guess only a minority in the market have flesh yet untouched by fire.