2min chapter

All-In with Chamath, Jason, Sacks & Friedberg cover image

E165: Vision Pro: use or lose? Meta vs Snap, SaaS recovery, AI investing, rolling real estate crisis

All-In with Chamath, Jason, Sacks & Friedberg

CHAPTER

Pretend and Extend: Strategies in Real Estate and Banking

This chapter explores the 'pretend and extend' strategy used by equity holders to negotiate debt payment delays with landlords, adding interest to the principal. It also examines parallels in banking, where institutions retain depreciating assets in hopes of market recovery, balancing aspirations against insolvency risks.

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