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The article devoted a good amount of space to bond market math, focusing on the pain of owning the iShares 20+ Year Treasury ETF (TLT) and bond funds in general. An individual 20 year treasury bond bought when yields were at their lowest will return 100 cents on the dollar when it matures in 2040.
You sit in a room all day doing tax returns or something, it’s just not, you know, that it seemed antisocial. I I, it’s funny because my last book was 15 years ago and now I have a new one coming out and the next one will be in 2040. Wasn’t the Excel spreadsheet error, which changed their math. I mean Yep.
So Barry Ritholtz : Sam Peltzman, and this is my in, in 2040, my next book, Sam Peltzman iss, the guy who studies seat belts and airbags and ABS and all that stuff. He, like, he stopped doing math and science when he was like seven years old. I need your papers to get your taxes filed. Does that ring a bell? Michael Lewis : No.
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