MIB: Oil Crash as a Formative Lesson on Leverage

This week, we speak with Jerome Schneider, Pacific Investment Management Co. LLC’s head of short-term portfolio management and funding. In 2015, Morningstar named him Fixed-Income Fund Manager of the Year (U.S.). Growing up in Oklahoma, he saw first-hand the oil crash of the 1980s and the ensuing destruction of wealth it caused. It was an important lesson…

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