Ep 389. Interest Rate Hike, Credit Suisse’s Failure, and Other Banking + Economic Risks on the Horizon
Focused Compounding
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The Importance of Perpetual Preferential Stocks
Many of the ones we're talking about that are the most attractively priced are non-cumulative, right? So they don't have to pay makeup for the fact. Two, they have optionality on you in terms of that they can take you out at 25 eventually. That also complicates things on the preferred because actually there was a major move in interest rates at the same time as this banking thing happened.
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