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How avalanche safety training applies to high-yield debt investing

Capital Ideas Podcast

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The Transformation of the High-Yield Debt Market

This chapter delves into the transformation of the high-yield debt market over fifty years, showcasing its expansion from a niche segment to a multi-trillion dollar industry. Key milestones, including leveraged buyouts and the emergence of mutual funds, highlight the significant changes in capital sourcing for non-investment grade companies.

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