MI156: Masterclass on SPACs w/ David Sherman
The Intrinsic Value Podcast - The Investor’s Podcast Network
00:00
What Do You Think About the Fed?
We're bottom up manager. Most of our views on the world are from being in the trenches, and then formulating an opinion of what the world is telling us. We believed when the feds said they were going to raise rates, they were. And we do think that balancshet has hedge fun like qualities. The reason i was less concern but sure rates being raised also is it's a perception thing. Unless it can affect the middle of the curve, or the five to tenure or longer, you're not really affecting valuations. Your just affecting working capital funding, which changes margins,. But not huge whie, one % change in inch rates for somebody's using it as
Transcript
Play full episode
