By Jonathan Yates John Burbank III, founder of Passport Capital, once observed that, “There is no way you can make 30 percent a year going long on the S&P 500. If you’re going to hit that kind of return, you have to go to places where it is going to happen.” This focus on intensive … Read more
A confidence indicator in the form of a weekly index prepared by the publishers of Barrons. The index divides the average yield of higher grade and lower grade corporate bonds. The discrepancy between the yields reflects investor confidence; declining yields on lower grade bonds suggest increasing investor confidence. Related Links: Barrons.com
Private Equity refers to an asset class of equity capital that is available to investors, but not publicly traded on a financial exchange.