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Dominique Mielle on Luck and Resilience in Finance

Masters in Business

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The Thrill of Investing in a Company

Bond holders have sold a put option. The equity guys give you the keys and it's yours to run. And so there are a lot of cases where it's really interesting how this sort of game of strategy, this game of risk starts with a sudden change in volatility. I invest less because I'm interested in what widgets a company does and more in the capital structure. That's the thrill to me.

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