The credit markets receive far less attention than they should in the marketplace, given the amount of money that is invested there. With a strong background in Private Equity, Verdad has conducted a significant amount of research into what has made Private Equity so successful as an investment strategy, and have found much of the answer in the credit portion of Private Equity. They have coined the term "Fools Yield" to describe their findings. Greg's experience is in the area of High Yield Bonds, and he is credited w/much of the insights that have resulted from their research. Their findings have been published and presented at various conferences and received much attention. Credit investors (which is most investors) should be aware of what they have found in their analysis. We hope you enjoy this conversation.