Adding other government and corporate bonds
The main focus of this book has been on creating a simple, yet powerful and robust portfolio for the rational investor. The message is hopefully clear: find your minimal risk asset and combine it with the broadest possible, yet cheaply acquired equity index, preferably one representing world equities. Do so in proportions that suit your desired risk profile and in a tax efficient way (see Chapter 11). If you do this and read no further, in my view you are already doing better than the vast majority of investors, private or institutional.
This chapter slightly muddies the waters for those investors who are willing to accept a bit more complexity, namely the addition of other government ...