Book Review: A Dollar For Fifty Cents
Source: SeekingAlpha
2026-01-16 03:40:00 ET
By Martin Fridson, CFA
Closed-end funds (CEFs) are “chronically mispriced by the market,” writes Michael Joseph, CFA, but for investors hoping to capitalize on that inefficiency, “simply buying a closed-end fund trading at a discount isn’t enough.” Just picking the funds with the deepest discounts to net asset value (NAV) or the highest yields, adds Joseph, is a “recipe for disaster.”...
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Book Review: A Dollar For Fifty Cents
Saba Closed-End Funds ETF
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