“The Humble Investor” | Dan Rasmussen on Mag7, Value, Private Equity & Credit, and More
Monetary Matters with Jack Farley
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The Rise of Private Credit and Its Implications
This chapter explores the evolution of private credit, highlighting its growth post-2009 due to reduced bank involvement in leveraged buyouts. It examines the risks and returns in private credit, emphasizing concerns about market efficiency and the impact of credit spreads on financial stability. The discussion also touches on the implications of defaults and potential recession effects on private equity and small cap equities.
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