alt Hacker NewsI saw an article a couple of days ago on one of the popular sites (ft or Bloomberg or something), about how now is a great opportunity to purchase private company credit. Guess this is the submarine https://paulgraham.com/submarine.html
Replies
smallmancontrov • today at 7:40 PM
Hah, this is remarkably short turnaround. The OBBB only lifted the ESLR on April 1!
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TZubiri • today at 9:32 PM
Wow, 2 lines in and I realize I already read this article waaay back, before I even knew what a startup was, much less who paul graham was.
The world is a napkin
atlimar • today at 7:23 PM
thank you for this link, all these years on the internet and I had not come across it
Private credit is far different than the debt of a public ally traded company. It is far riskier as those companies can't easily tap the credit or equity markets for new money if they get into trouble the way a public company can.
But the debt we are talking about is not Private credit debt, its completely different animal with far different risk characteristics