"Sorry, Busy Rating Private Credit Deals" (June 3, 2025) This post showcases Edward Quince at his satirical best, taking aim at the booming private credit market. He mocks the idea of a tiny team of analysts assigning investment-grade ratings to thousands of private credit deals, humorously pointing out the cognitive dissonance of assuming a loan carrying a double-digit interest rate is somehow safe It is a brilliant, bite-sized critique of how Wall Street often obscures risk.
"We think they are days from failure. They think it is a temporary problem. This disconnect is dangerous."
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As we continue to explore Jason Zweig’s commentary on Ben Graham’s class book The Intelligent Investor , let us recap what we covered last...
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In our last post we visited Jason Zweig’s commentary on the Introduction chapter of Ben Graham’s The Intelligent Investor where we learned ...
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In our last two posts we’ve provided an overview of the 3 powerful lessons taught in Graham’s famous work and the 3 key elements of investin...
Edward Quince’s Wisdom Bites: Are You Intelligent? Chapter 9
After delivering the parable of Mr. Market, Graham moves to a chapter titled ‘Investing in Investment Funds’. At first blush it seems lik...
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