Preference shares offer a fixed income like corporate bonds, but with fewer of their safety features.
The Investor
Did you buy bank preference shares when the market was giving them away? Me neither. What an incredible opportunity it was.
Charlie Munger is a genius, and you should read everything he write. Time leftover? Read me! Even more free time? Read these other great posts.
You can control what you earn, save and spend. You can make up for higher taxes or lower returns. But you can do nothing about a trashed planet.