BXSL - 2 Big Dividend Yielders And My Rant About Accounting

2024-07-25 22:36:16 ET

Summary

• Accounting is driving a failure of efficient markets. The persistency of this market failure is absurd.
• Investors love LIBOR swaps and don't care for other tools that serve the same purpose.
• DX and AGNC are much more similar than investors think. This is primarily due to being clueless about accounting.

I don’t want to trick readers into thinking this article is anything else.

Somehow, I had the idea that I should rant about accounting. Accounting should be boring, but accounting is driving a failure of efficient markets.

Investors who care about making money should care about this.

Realistically, many investors won’t. If investors cared about fundamentals instead of bright lights and loud sounds, Jim Cramer would need to produce a very different show.

Then again, you’re reading Seeking Alpha instead of “Seeking Pretty Colors,” so you’ve probably seen the light....

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