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What Happens after Bonds Crash? (plus Reading with Aydin Mirzaee) (EP.199)

The Rational Reminder Podcast

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Bonds Are a Devisive Topic

Bonds are a devisive topic, which is weird. I don't know the answer to the question, but some people reallyik, detest, want them. And then other people are like, almost angry. Why would you want to own bonds? It's just an interesting observation,. But i sing it about that. The way people often think about acid alocation decisions is from a cap m mean, variance perspective. Now, what do i mean by that? That's the theory that there is one mean variance optimal portfolio and everybody'sng to combine that with the risk free asset to find their obtomal portfolio. And it complete ignores investor heterogeneity, right?

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