Hello, I'm Ted Sides, and this is Capital Allocators.

This show is an open exploration of the people and process behind capital allocation.

Through conversations with leaders in the money game, we learn how these holders of the keys to the

kingdom allocate their time and their capital. You can join our mailing list and access premium

content at capital allocators.com. All opinions expressed by TED and podcast guests are

solely their own opinions and do not reflect the opinion of capital

allocators or their firms.

This podcast is for informational purposes only and should not be relied upon as a basis

for investment decisions.

Clients of capital allocators or podcast guests may maintain positions and securities discussed

on this podcast.

My guest on today's sponsored insight is Dave Brissano, the head of the credit team at Poland Capital, where he oversees $8 billion of the firm's $43 billion in assets.

Dave is one of the OGs in high yield, having started in the early 1980s and invested continuously through more than 40 years since.

Our conversation covers some history of the high-yield market alongside Dave's involvement in it,

the founding of his firm in 1996, Poland's strategy to take advantage of myths in the market,

the implementation of the strategy,

and Dave's thoughts on the changing interest rate environment,

private credit, and opportunities and risks going forward.

In our complex world of investing,

I suspect you'll find an elegance

in the simplicity and clarity with which Dave approaches investing. Before we get going, in recent spread the words, I've introduced our newest capital

allocators university for investor relations and business development professionals.

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