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A 'Cheat Code' for the Bond Market

What Goes Up

CHAPTER

The Chea Cod in the Bond Market

The fund's strategy is to find companies thatave more cash than debt on the balance sheet. "I literally can go to sleep at night and i know, for example, that the great majority of our bonds are going to get paid off," he says. But there are a lot of zombe companies who cannot cover their interest expense through operating earnings or evedo. 'You really need to be a good lik'

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