The Bond King
Slate Money
00:00
Isn't Active Bond Fund, What Is It?
When bilgrove started his career, bonds were not traded. You just kept them and you sent your physical coupon in for an interest payment. So there was this really compelling argument by bill and some of his cohort that it made a lot of sense to try to sell those bonds. It's such an inherent part of the entire financial universe that it's almost nt even get my mind around a world where it didn't exist.
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