Market Distortions Explained
Gibson argues that the rise of passive investing can lead to distorted valuations, particularly in the bond market, where large flows of capital may create an advantageous environment for over-leveraged companies. Michael raises concerns about how these dynamics affect interest rates and overall market stability. The discussion highlights the importance of active management in navigating these risks and the potential consequences of unchecked capital flows.In this clip
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Animal Spirits Podcast
Talk Your Book: Investing in Fixed Income
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