December 2008
8 posts
Sunday TImes Flurry III- Leon Black and downturn... →
Yields on corporate debt imply a 24% corporate default rate. This data point only accounts for publicly traded/quoted bonds. Entering a down-cycle I would imagine the default rate would be significantly higher for private equity investments. I cant believe all of these supposedly very smart people would leverage up companies with such naive assumptions about liquidity in the debt markets. Shit...
Sunday Times Flurry II- Momofuku →
Sunday Times Flurry I- CUBA →
The Power of Academia
Dear students,
It has come to our attention that some of you may not have realized that Advanced Logic has as a prerequisite the Logic course. Please be advised that you cannot take Advanced Logic unless you have had either Logic (V83.0070) or some equivalent course in another department (probably Mathematics) or University. If you have any questions please contact me.
Prof. Richardson
Michael Porter Article in BusinessWeek →
Everyone and their mother seems to have an opinion about the economy these days. There’s no dearth of opinion but a low supply of fact, thoughtful comments and whole insight. As someone who works in finance and majors in economic theory I find this more than a bit annoying. This article by the legendary Michael Porter is strait-forward, analytically fascinating and offers some very original...
Bizarro Kayla Cohen on the Sartorialist →