How to Navigate the Secular Transition

The macro is here to stay and people need to think in terms of thematic investing, says P. MacArthur. Investors need to be prepared to over equitize a close and figure out the debt later for quality assets if debt markets become problematic. Investor after investor who had to give up on a company in 2009 really regretted it by 2014 and 2015 when they realized that combinations of monetary policy, fiscal policy,. smart negotiating with the banks and customers and other stakeholders often allowed folks to hang on to assets until GDP recovered.