14min chapter

Animal Spirits Podcast cover image

Talk Your Book: The Companies Are Fine

Animal Spirits Podcast

CHAPTER

The Issue with Cap Weighted Index Funds in the Bond Market

This chapter discusses the drawbacks of cap-weighted index funds in the bond market, particularly how they reward overly leveraged companies. The speaker explores whether the market actually punishes these companies with higher rates, but the data doesn't support this idea. The chapter also delves into the indiscriminate buying behavior in the bond market and the potential of creating a fixed income portfolio mirroring the S&P 500.

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