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Mitch Julis - Finding the Opportunity in Complexity

Value Investing with Legends

CHAPTER

The Socialization of Risk in the Next Crisis

In the past crisis, we have relied enormously on the ability of governments to absorb a lot of these indigenous risks that was created in the private sector and transferring to the public balance sheet. How they call that the socialization of risk. Do you feel confident in next crisis, there's a limit to how much the government can actually come in and socialize the risk in the next crisis? So how do you think about that?

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