The Simple Things: Relative Value and Directional Credit Investing

Abstract

One of the favorite topics of magazine editors and blog writers is simplicity. Look online or in your favorite publication and you are likely to find a host of suggestions on how to strip away clutter, wasted time, unnecessary expenses, or anything that adds complexity or waste to our lives. Perhaps that’s why Leonardo da Vinci is rumored to have once quipped, “Simplicity is the ultimate sophistication.”