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4min chapter
On Background: Who Buys Distressed Assets?
Against the Rules with Michael Lewis
How to Sell Assets When the Seller Is Not
"You want to sell when the seller is not, there's no compulsion to sell and the buyer has no compulsion to buy. That's the honest price," he says. "If you sell under dress or at a time of uncertainty, it's hard to get the best price" FTX could live on another form because people need an honest exchange, Nussbaum adds.
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