August 2012

The Epitome of Why Pitchfork Sucks

I’ve been reading and reacting to Pitchfork’s reviews of new music since the site first appeared.  And in general, it’s helped me find some great things with only a few misses along the way (I’m sorry but Grizzly Bear is unlistenable and the Fiery Furnaces is not actually even music).  But overall, it became my…

I CAN HAZ MOAR JUNK BONDS NOW PLEEEEZE?

On The Street, we call junk bonds “chicken equity” in the context of portfolio construction. Many allocators are buying junk bonds not as part of their fixed income allocation but really in search of an almost-equity return with slightly less risk and volatility.  So, for example, you’ll see a financial advisor carve out a 5…