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More Than a Numbers Game: A Brief History of Accounting (Fintwit Book Club January 2025)

Yet Another Value Podcast

CHAPTER

The Evolution of Fixed Income Trading

This chapter examines the complexities of fixed income trading, particularly in relation to liquidity and sizing challenges. It highlights Michael Milken's historical influence on the high-yield bond market, discussing the transformative impact of tax code changes in 1981 and their broader implications for investment strategies and business culture.

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