Look what do I know about viruses? 0. But if companies go under OR need to dilute at discounts because of liquidity issues the future cash flow only matters so much. Having hotels on Boardwalk & Park Place is only good if you’re solvent long enough for people to land on them.
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Credit risk is the biggest risk. Golden Rule (he who has the gold makes the rules). Well capitalized, un-levered companies that miss out on a year or two of earnings and share price drops 30-50% will be bargains, the rest will be zeros. Which is which is where the money is made.
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Yeah maybe so. I mean IDK I’m just saying some of the analysis I’ve seen about the bargains seems too simple by half. But they might be right! I hope everyone makes $$$. Just want to really think things through for myself.
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Go ahead TV that’s how I will fulfill my lifelong dream of turning into a Transformer.pic.twitter.com/TLHLWGwN73
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OK, but is this a risk in aggregate, i.e. for
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IDC about aggregate the only thing I care about is that I'm not the one who gets got.
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From an economic standpoint that’s really all I’ve been thinking about. It’s also the primary vector upon which responsive monetary policy actions make sense. But yeah, not much media chatter about it at all.
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That seems really smart. Hope you find some good things out of all this!
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As I've said: time horizons in bear markets collapse to a single point, but the far worse thing is having the company's time horizon collapse, forcing yours to collapse along with it.
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Ray Dalio has talked about it.
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If your creditors are a bunch of hedge funds company could be in for trouble.
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