How convertible bonds work, why they gained 50% in 2020 and outperformed stocks over the past five years. Why Vanguard shut down their convertible bond mutual funds. Topics discussed include: How big is the convertible bond marketWhy companies issue convertible bondsHow convertible bonds work and how to analyze themWhy convertible bonds have performed so wellWhat is a reasonable expected return for convertible bonds and what are the risksWhat are ways to invest in convertible bonds Thanks to Netsuite for sponsoring the episode. Take the Money For the Rest of Us listener survey. Show Notes A Plunge and a Recovery Drives a Top-Performing Year in Convertibles by Andrew Bary—Barron's Convertible Bond Indices: An Overview by SPDR EMEA ETF Strategy Team—State Street Global Advisors CONVERTIBLE SECURITIES: Structures, Valuation, Market Environment, and Asset Allocation by John P. Calamos, Sr with contributions from Eli Pars—Calamos Investments Tesla, Inc. 2.00% Convertible Senior Notes due 2024 (the “Convertible Notes Offering”) Issuer Free Writing Prospectus—U.S. Securities and Exchange Commission Risk and Return in Convertible Arbitrage: Evidence from the Convertible Bond Market by Vikas Agarwal, William Fung, Yee Cheng Loon, and Narayan Y. Naik The Fluctuating Maturities of Convertible Bonds by Patrick Verwijmeren, and Antti Yang Convertible Bond Arbitrage by George Long—Eureka Hedge For more information on this episode click here. Also, go here to learn more about Money For the Rest of Us Plus membership. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

How the drive for efficiency leads to greater wealth concentration and threatens capitalism. What can be done about it. Topics covered include: Why income growth has slowed for the middle classWhy the economy now follows a power-law distribution rather than a normal distribution, leading to skewed outcomesWhy the economy is a complex adaptive system rather than a machineHow the type of job you have and the company you work for affects your incomeWhy greater efficiency increases the risk of catastrophic collapsesWhat are ways to balance efficiency with resiliency Show Notes Changes in U.S. Family Finances from 2016 to 2019: Evidence from the Survey of Consumer Finances—The Board of Governors of the Federal Reserve How America Banks: Household Use of Banking and Financial Services—Federal Deposit Insurance Corporation When More Is Not Better: Overcoming America’s Obsession with Economic Efficiency by Roger L. Martin How The Economic Machine Works by Ray Dalio—Video For more information on this episode click here. Also, go here to learn more about Money For the Rest of Us Plus membership. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.