Table of Contents

Acknowledgments

Introduction: Wealth Without the Drama

1    How to Use This Book

2    Why Do We Invest? What Makes Us Wealthy? 

3    How Mr. Market Captures Value 

4    Income Factory: The Math, the Risks, and the Choices 

5    What Sort of Income Factory Is Right for You? 

6    Building Our Factory 

7    Income Factory Model Portfolios  

8    “Stretching” for Yield  

9    Variations on the Theme

10    The Taxonomy of Risk and Reward 

11    Bonds, Interest Rates, and Credit Risk

12    Senior Loans (High-Yield Bonds with Benefits) 

13    Virtual Banks (aka “CLOs”)

14    From Benjamin Graham to the Income Factory

Appendix: Financial Innovation—A Case Study

Index

About the Author

Steven Bavaria, a popular writer and blogger on the topics of finance, economics, and politics, has 45 years of experience in international banking, credit, investment, human resources and journalism. At Standard and Poor's, he introduced credit ratings to the syndicated loan market.