Recession Is Such Sweet Sorrow, Mike Wilson from Morgan Stanley
RiskReversal Pod
00:00
Is There a Chance That VC Funds Are Going to Mark the Companies Down?
A lot of these crossover funds are responsible for a lot of the marks in the private markets. We're going to see a lot of that stuff marked lower, and it's going to be big marks,. Dan: Can you comment on the bank sector in general, how they're going to trade in this environment? And then just stock picking in general why it's such a lost arc but a needed one, especially this year? Mike: It was plenty of opportunity to make money either as a trader or as even an investor; we have a long, only portfolio that we don't trade that was up on the year.
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