Why would anyone want to pay full price for a stock? Many common tickers can be bought for 5%, 10% and even 12% off in the closed-end fund (CEF) aisle. These discounted CEFs are the closest thing to a free lunch we have on Wall Street. And most investors don’t know about them because, well, they don’t read enough Contrarian Outlook ! CEFs are unique vehicles. They are one of the last corners of the stock market with a sweet inefficiency. Unlike their mutual fund and ETF cousins, CEFs have fixed pools of shares. Which means they can trade at premiums and discounts to the values of their underlying assets.… Read more