bonds trade on a mathematical spread. The riskier the bond, the wider the spread—that is, the greater the difference between the yield on it and the yield on (virtually risk free) Treasurys.


“Los Angeles is like San Diego’s older, uglier sister that has herpes.”
― Sh*t My Dad Says
― Sh*t My Dad Says

“How very American, he thought, to look at a disease as homosexual or heterosexual, as if viruses had the intelligence to choose between different inclinations of human behavior.”
― And the Band Played On: Politics, People, and the AIDS Epidemic
― And the Band Played On: Politics, People, and the AIDS Epidemic

“The closeted homosexual is far less likely to demand fair or just treatment for his kind, because to do so would call attention to himself.”
― And the Band Played On: Politics, People, and the AIDS Epidemic
― And the Band Played On: Politics, People, and the AIDS Epidemic

“It was a truism to people active in the gay movement that the greatest impediments to homosexuals’ progress often were not heterosexual bigots but closeted homosexuals.”
― And the Band Played On: Politics, People, and the AIDS Epidemic
― And the Band Played On: Politics, People, and the AIDS Epidemic

“If you want to get away with wielding true, malevolent power, be boring.”
― The Psychopath Test: A Journey Through the Madness Industry
― The Psychopath Test: A Journey Through the Madness Industry
Noel’s 2024 Year in Books
Take a look at Noel’s Year in Books, including some fun facts about their reading.
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