In 1989 author Michael Lewis, in his book Liar’s Poker, revealed that the role of a bond trader at Salomon Brothers, the biggest trading firm on Wall Street during the 1980s, was “to call someone he doesn’t know and try to sell that person something he doesn’t want.”  Dan Wheeler, the founder of Dimensional Fund…
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There has been much speculation recently as to when the Fed will raise interest rates.  The concern is that volatility in bond prices will spike and investors that have become used to bonds as a stable source of income will freak out.  If you haven’t started to worry about this, is now the time to…
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