Monday, December 10, 2012

The Arithmetic Of Equities

The research paper noted below, a good read, has been making the rounds over the weekend. The report discusses bond valuations relative to stocks and when one asset class appears more attractive than the other. The paper's author, Andrew J. Redleaf of The White Box Advisor, states he is really a "bond guy" but notes the following:
"Basically I am a bond guy. I like fat coupons. And I like return of principal. But I take my bonds where I can find them. And these days the place to find fat coupons and return of principal is among blue chip equities."

h/t: Market Folly

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