corporate bonds

also referred to as: corporate bond

4 statements across 4 episodes · 1 bullish · 3 bearish · 4 people on the record · first statement Oct 21, 2019 by Ana Marshall · across every show →

Everything said about corporate bonds, oldest first

Oct 21, 2019 bearish
Insight
Marshall: Disrupted corporate bond issuers offer minimal recovery value
“In corporate bonds, if you get disrupted, you are toast on your recovery.”
Ana Marshall Oct 21, 2019 ▶ 37:30 Ana Marshall – Applied Direct Investing at the William and Flora Hewlett Foundation (Capital Allocators, EP.111)
Mar 1, 2021 negative
Insight
Bisserier: Leveraged credit fails to provide true diversification against equities
“Risk parity in our mind is not just holding a bunch of line items at similar risk because a simple example is credit is if you hold credit in a leveraged fashion, you could make it have a similar risk level to equities, but it actually performs very similar to…”
Damien Bisserier Mar 1, 2021 ▶ 19:38 Alex Shahidi and Damien Bisserier – Uncorrelated Return and Balanced Risk at Evoke-ARIS (Capital Allocators, EP.179)
May 31, 2021 bearish
Insight
Ellis: Corporate bonds fail to compensate for risk compared to US Treasuries
“And why aren't there any corporate bonds? Because the pricing of corporate bonds compared to treasuries doesn't reward for the risk that's being taken.”
Charlie Ellis May 31, 2021 ▶ 38:28 Charley Ellis – The Magic of David Swensen (Capital Allocators, EP.197)
Feb 26, 2024 bullish
Assertion Partly supported
Milken: Historical bond data showed credit risk premiums exceeded actual default risk
“What everyone said about credit was wrong, and there was a book by Bradford Hittman on long-term Corporate bond and investor experience, and the riskiest credits were perceived as the best, and the best credits were perceived as the worst. Whether you were the…”
Michael Milken Feb 26, 2024 ▶ 12:01 Michael Milken – Innovations in Finance, Medicine, and Education (EP.371)
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