Value Investing News

In this irregular series, you can see that I wrestled with the concept of credit quality.  I built my own models.  I did not trust the rating agencies. Why did I not trust the rating agencies in 1998-2001?  What great errors had they committed?  They had not created many errors at all… but I...

• http://alephblog.com/2013/02/06/the-education-of-a-mortgage-bond-manager-part-iii/ (58)