bonds as an asset class are a fixture of finance. fixed coupon securities have a very powerful effect on financial planning, especially across decades. one year's returns do not make or break an asset class. bitcoin is a very young asset class and quite beyond the mental reach for most institutional investors.
So should your ex-employer fire all traders and just buy&hold the S&P500? Yes or No?
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my ex-employer is a fixed income manager tasked with short-term capital preservation and hyper liquidity, so no
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