Lessons over 50 years of fixed income investing, part 1
Capital Ideas Podcast
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The Power of the Coupon
It is incredibly important as an investor to never lose sight of whose money it is you're managing, he says. With bonds and worrying about technical terms like duration, the coupon is a very powerful thing. And certainly in my asset class, the capital appreciation or the value of the bonds can move a lot over the life of the bond.
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