Matt Levine Live at Bloomberg HQ
Conversations with Tyler
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Are Acquisitions a Good Thing?
If we think about mergers and acquisitions, one of the standard results in the empirical finance literature is that acquiring firms do fairly poorly. How do you think about this process if it doesn't pay off? Do you somehow not trust the data? You would challenge the interpretation of the result or how good are acquisitions for the acquiring firm and what goes wrong? So i wouldn't challenge the mean, li tomili,. It's likea similar storyo active management, in some ways, right? Like the fact that m and a is bad doesn't mean that your murger will be bad, right?
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