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E105: Tech culture wars: Elon vs. SBF, Sabotaging Republicans with Trump
All-In with Chamath, Jason, Sacks & Friedberg
Is 127% Really Bad?
The average yield to maturity needs to be factored in there. So over a 15 year period, David, you would be right mathematically if all matured. But that's not what this is because you're you'd have to refi and reissue a bunch of debt at lower interest rates. And I think the message that you should take away is it's because it's imprecise and it's not rooted in any actual logic.
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