Monday, April 13, 2020

Has equity become safer than debt?

I have trained an entire generation of industry professionals to view debt as safer than equity.  Today, equities are crashing.  On the other hand, in the post-Covid world, we do not know which will be the next "safe" company to face liquidity pressures. Many of them are withdrawing money from debt mutual fund schemes.  Has equity become safer than debt?

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