The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 4 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Allocators should require credit managers to have pre-2008 market downturn experience
“My advice would be to anybody that's looking to hire a manager is to really put a premium on experience. People that actually have been in the market before 2008. There are a lot of managers out there that tout their experience. I've been in investing for 1015…”
Agencies routinely rating 6x leveraged companies as CCC creates artificial yield premiums
“But if a company has six times leverage, typically it will be rated triple C by the agencies. It's just The convention , they have an impossible job of trying to put a lot of risk factors in just a handful of buckets. So one is leverage and that triple C ratin…”
Investment performance alone is insufficient; fund managers must actively market themselves
“As a young person, I thought if you just performed well, did a good job, or had good investment results, people would recognize that and reward you for it, and in reality, you gotta advocate for yourself, and you gotta hire sales and marketing people to get th…”
Companies can survive two or three simultaneous challenges, but five is overwhelming
“If there's too many, it can be overwhelming, and it's not a bright line test, but if there are five challenges that you can identify, that's typically too many. A company can maybe handle two or three, four, you're getting there, and then after that, it's just…”