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Value After Hours 05 18: Michael Kao, Urban Kaoboy; Alpha with Asymmetry; Capital Structure Arb

The Acquirers Podcast

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The Outgrowths of Hyperinflation

The Egyptian pound, by the way, six months ago was 18 to one to $1. When we went, it was 31 to one. But the black market street rate was 42 to one. And so you end up in a very low trust environment at that point because no one can like trust each other longer than six months when prices are moving that much. I think it's very expensive to run a society in a low trust environment.

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