Podcast - Martin Fridson on "Behind the Markets"

On February 22, 2019, Martin Fridson was interviewed by Jeremy Schwartz on the podcast "Behind the Markets" (Wharton Business Radio).

"High Yield is very expensive .. trading at over two standard deviations from fair value ... This is extreme and unusual."

"Outstanding supply of high yield bonds has been decreasing over the last two years ... there is great demand for yield around the world!"

"MLPs look cheap and offer good value"

"For clients that have both taxable and tax-deferred accounts, the location of the securities in the right accounts is essential ... tax-advantaged instruments like MLPs, REITs and municipal securities ... many preferred issues offer (tax-advantaged) qualified dividends."

Listen to the interview (second half of the podcast) here.