On The Street, we call junk bonds “chicken equity” in the context of portfolio construction. Many allocators are buying junk bonds not as part of their fixed income allocation but really in search of an almost-equity return with slightly less risk and volatility. So, for example, you’ll see a financial advisor carve out a 5…
Hot Links: Happy Birthday, Warren!
Your morning financial links, expertly curated.
Clips from Fast Money Last Night
Video.
an asset allocator's prayer
There are times when the market is completely mispriced.
This is not one of those times.
an asset allocator’s prayer
There are times when the market is completely mispriced.
This is not one of those times.
Get the Popcorn Ready for 9/17 – Occupy's Next 'Day of Chaos'
LOL
Get the Popcorn Ready for 9/17 – Occupy’s Next ‘Day of Chaos’
LOL
Very Few People Are Qualified to Comment on the Fed, Jim Grant is One of Them
Video.
Heidi's Book List
I’m honored and flattered to have made Heidi Moore’s Must-Read Wall Street Book list at Marketplace this morning. They say that being named to a list is only cool if you truly respect the other people on the list, and in this case I’m great company (John Gapper, Tadas Viskanta, Mike Casey etc… There’s the…
Heidi’s Book List
I’m honored and flattered to have made Heidi Moore’s Must-Read Wall Street Book list at Marketplace this morning. They say that being named to a list is only cool if you truly respect the other people on the list, and in this case I’m great company (John Gapper, Tadas Viskanta, Mike Casey etc… There’s the…
