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Value: After Hours S02 E34 Dan Loeb on Strategy, Buy Now Pay Later $QVCC, Cocker Spandrels

The Acquirers Podcast

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The Unintended Spandrel of Growth

I'm always tending to, I don't know, underpay for growth is the right. The stuff that probably keeps me up at night a little bit is the amount of leverage that I have in my portfolio. Liberty Media was spun out of AT&T, it was basically just like hedge fund. It didn't really have a lot of operating businesses,. In order to get cash in the door to make other acquisitions, they sort of needed to issue debt against stock.

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