“Cash has pretty much outperformed every one of those categories. The only one that outperformed cash by a little bit over the last five years is high yield.”
Bill Egan, JP Morgan Strategic Income Opportunities Fund · Animal Spirits Podcast · Talk Your Book: Will AI Debt Cause a Recession?
Play from 16:14
16:14
Audio streams from the publisher’s own feed. Verbatim does not host or copy it.
What was described
argues that holding cash outperformed every actively managed fixed-income category over the past five years
Said nearby on the same subject
“The agent ... create a new category and then file it ... hold it in a holding category ... you have to stop, hold the information, and then in the next chat, ask me what I want to do about it”