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Angola 2048 @ 70.00 (you could easily have bought this lower yesterday) would yield a +27% return if yields fall from 13.6% to (still high) 12% in 12 months time. Maybe Nvidia will yield the same or more, but probability weighted Angola is better. IMF deal, oil rebound, muddle through. Asymmetric

Apr 17, 2025, 3:05 PM

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