Sublime
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Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
One man’s liability had always been another man’s asset, but now more and more of the liabilities could be turned into bits of paper that you could sell to anyone. In short order, the Salomon Brothers trading floor gave birth to small markets in bonds funded by all sorts of strange stuff: credit card receivables, aircraft leases, auto loans, health
... See moreMichael Lewis • The Big Short: Inside the Doomsday Machine
Some highlights have been hidden or truncated due to export limits.
Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
Some highlights have been hidden or truncated due to export limits.
Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
He is both well liked and very intelligent. He is also very rich. I consider his annual “Chairman’s Letter” (in the Berkshire annual report) to be indispensable reading for anyone wanting to do well in business.
Rabbi Daniel Lapin • Thou Shall Prosper: Ten Commandments for Making Money
The secret is to buy bonds the big money isn’t allowed to. To illustrate the point further, let’s look at the BlackRock Floating Rate Income Strategies Fund (FRA), which buys floating-rate debt. (More about floating-rate debt in a moment). For now, just know that most of the bonds it buys are issued by corporations, and most of them are below the
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