Confiscation—when governments take away assets—is a third major financial risk, with catastrophic historical examples in China and the Soviet Union over the past 150 years.

factualpending

Speaker

William Bernstein

Evidence Quote

confiscation which is when your government takes away your your assets uh we've seen some pretty catastrophic examples of that in the past 150 years particularly in China and in the Soviet Union

Source

4 'Deep Risks' That Could Decimate Your Portfolio | William BernsteinDavid Lin
Created: 8/10/2026, 11:00:47 PM

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