The Meb Faber Show - Better Investing cover image

Ben Inker & Tom Hancock, GMO – The Value and Quality Opportunity | #486

The Meb Faber Show - Better Investing

00:00

The Backwardation of Risk in Fixed Income Markets

Tom Zoellner: Fixed income markets kind of work the way you expect where you get a higher yield for more risk. Equity markets to Ben's point have historically been the opposite in that we talked a little bit about high quality companies to give you safety and if anything better return. He says junk bonds are consistently underperformers at a higher level of risk. zoellner: There's definitely a slow and steady wins the race that we've seen in equity markets here.

Play episode from 17:02
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
 Get the app