“It’s OK to not have an opinion on topics you don’t know anything about. And I don’t know anything about coronaviruses. But I have a few thoughts about how people think about risk.” - Morgan Housel
Link to the full article below:
Tuning out the Noise
High-Yield Was Oxy. Private Credit Is Fentanyl.
Very interesting article by Dan Rasmussen at Verdad Capital about the growth of Private Credit and the state of the current market. Demand is strong but will the stretch for yield turn out badly?
The Full link is below: