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2min chapter
Carried interest wormhole
Planet Money
Carrying Interest
A carried interest is a profit share given in a shared risk taking venture. Francesca had a theory that even back then, carried interest may have been controversial. In the 11 hundreds, the question would have been, hang on, is this carried interest arrangement actually a secret kind of loan? Loans with interest, particularly, we're a big deal. And you know, if you really hate loans, there is a case that carried interest looks a little like a loan, right?
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