Devastating as the recent stock market decline is – particularly after two straight years of 20%+ returns – a real downturn in the financial markets feels a whole lot worse, says our Director of High Yield Marty Fridson. The late 1970s/early 1980s was a bond market apocalypse, he says.
Porter reports that a $1.2 billion investment into a natural gas company is the start of the most important financial trend in the world. “We are just in the first inning,” he writes.
Porter outlines why this national homebuilder has become a superb business. He explains why it’s positioned to become a great, long-term compounder.
Over the last 50+ years, the entire global financial system has been organized around paper money. But, there’s a problem: fiat systems always fail. And the current system is now starting to break down, Porter writes.
Best known as a master in the field of high-yield bonds, today Marty Fridson shares insight into how he selects distressed equities – which are helping drive the total return of his Distressed Investing advisory higher.
Bond investors can earn even more than stock investors during market panics – while taking far less risk. And we might be close to a market panic…