Bill Miller, LMM LCC chairman and CIO, weighs in on the market and sees opportunities in names that have sold off, like Amazon. Miller says there is a shortage of truly safe assets.
Preferred stock has been around for more than 150 years. One study suggests that the first shares of preferred stock were issued in 1836 by internal improvement companies in Maryland. However, some investors might not have given this asset class much thought until the government commandeered preferred shareholders' dividends in the government-sponsored enterprises Fannie Mae Read More