Ralph Smith - Scientific Investing in Fixed Income (S5E7)
Flirting with Models
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How to Maximize the Breadth of the Market
When we look at the corporate cre market, we're talking about a set of securities with potentially much greater breadth, but much less liquidity. The key there is to harness breadth as far as possible by building a very diversified portfolio,. But also to be aware of the liquidity, or potential illiquidity, of those positions. Is sort of in the same vein though not specifically talking about alpha opportunities, to sort of the structure of the market.
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