What do you guys think about municipal finance

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On the buy side it’s actually a pretty decent asset class to cover. Low liquidity and smaller issue sizes makes for a highly inefficient market with alpha potential, low likelihood of blowing yourself up because of low default rates, high after-tax risk-adjusted returns and because it’s not a “sexy” asset class, people are not competing for as many positions in the field.

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I started in Muni land.. it sucks and is not advisable

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