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.

2statements match

2resolved → 0open claims → 2supported → 0contradicted →

why aren't all 2 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

Assertion Supported

High-yield default losses average around 2% after historical 40% recoveries

“And in fact, the recovery rate is in the forties. So if you look at a default rate of three, four percent, and if you get close to half your money back afterwards, your loss is like two percent.”

Dave Brizano Sep 12, 2024 ▶ 10:14 David Breazzano - High Yields and Low Risk at Polen Capital (EP.405)

Assertion Supported

Well over 95% of high-yield bond market returns come from yield

“So when one factors all that together, you observe that well north of 95% of the return profile in the high yield market is the yield.”

Dave Brizano Sep 12, 2024 ▶ 11:47 David Breazzano - High Yields and Low Risk at Polen Capital (EP.405)

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The Ledger

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