January 2021

Is this Legal?

When Wall Streeters take advantage of the system, it’s called capitalism, but when outsiders do it, it’s called manipulation. This is where the narrative has been over the past 48 hours. At the heart of the debate is a question about what’s right and wrong: how can there be more shares are sold short than…

Animal Spirits: Investing in Fixed Income

On today’s show we discuss:

-How the structure of the fixed income market has evolved over time
-What happened to bond funds and ETFs in March?
-The potential problems with plain-vanilla bond indexes
-How should active bond managers be benchmarked?
-How to find an edge when everybody can do the math
-The enigma that is inflation, and much more