Back in the day when I started working in the bond world, I thought I was entering the sleepier side of finance. However, I was soon amazed at how…
Tomek Jankowski | January 22, 2016
Cover of Diamond Dogs
Back in the day when I started working in the bond world, I thought I was entering the sleepier side of finance. However, I was soon amazed at how innovative fixed income was. Those guys could squeeze the proverbial blood out of a stone! They found value in places and assets others left for dead. Defunct companies, bottom-of-the barrel junk bonds, mortgages whose borrowers had defaulted – nothing was beyond the pale.
I remember a Western teacher's frustration with Eastern European secondary school students in the 1980s. He was stunned that they could not write. They were certainly literate, but while they had been taught to memorize mass amounts of information – they could spew
