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68. Spotting Red Flags in Syndication Documents feat. Dugan Kelley

Invest Like a Billionaire

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The Risk Factors of a Deal

If you see a deal and there's not any risk factors discussed, that is BS. I want to know what type of leverage and what type of debt product the sponsors typically had. It should be in your PPM. And if all you ever see are risks and it's like the world may get hit by a meteorite and wipe everybody out, that's that silliness.

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