Bond index construction favors capital loss
The guest argued that bond index construction is 'absolutely insane' because it skews capital towards bonds trading at a premium, which are guaranteed to lose value if held to maturity.
Keep reading this one
You've read the thesis and who argued it. A free account opens the argument, what validates it, the risks the show raised, and the moment in the episode where it was said — 3 ideas in full a day, no card.