Fixed-income investments come in all kinds of wrappers. While traditional bonds are best known and fairly straightforward, other asset types such as convertible bonds, loans, and preferred stocks also offer a stated return over a set period of time. In this blog post, we focus on preferred stock, a...

Everyone knows Warren Buffett’s two rules of stock investing: Rule #1 – Don’t lose money Rule #2 – Don’t forget rule #1 At Intrepid, we have adopted these rules wholeheartedly into our investment process, with a slight adaptation for investing in corporate debt: