How to invest
Part one: In which Aziz learns an important financial lesson without losing his shirt
It’s late summer, 2008. I am 28 years old, two years into my job at Barclays investment bank in London. I am a bond strategist (a bond is basically a tiny slice of a huge loan to a company; investors in the bond market trade these slices with each other). My role is to advise the bank’s clients—big investors like pension funds, governments, hedge funds,…
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