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TIP478: Market Cycle Masterclass w/ David Stein
We Study Billionaires - The Investor’s Podcast Network
How Do Low Quality Assets Perform?
Low quality assets can perform well over the short term because of the level of fear and greed. Non-investment grade bonds lost over 25% in 2008 when spreads blew out, so you would rather own them when they're wide. But it might seem surprising to all listeners that you would consider a low quality asset even if you disregard where we are on the market cycle.
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