Mark Higgins, CFA: Private Credit, Caution, and the Lessons of Financial History
Enterprising Investor
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Navigating Late Cycles: The Need for Caution in Private Credit Investments
This chapter emphasizes the critical need for caution in private credit markets as they approach late economic cycles. The speakers argue that average performance is inadequate in saturated markets and stress the importance of aiming for exceptional results to ensure investor success.
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