"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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Today, as we celebrate Warren Buffett's 95th [belated] birthday, we reflect on a cornerstone of his philosophy: the profound importance ...
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At the end of the 1988 Berkshire Hathaway annual meeting Buffett said, “You shouldn’t own common stocks if a 50% decrease in their value in ...
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We live in an age of overwhelming information. Every day brings another data point, another Fed speech, another forecast of what comes next ...
Edward Quince’s Wisdom Bites: OPV Page 421
At the end of the 1988 Berkshire Hathaway annual meeting Buffett said, “You shouldn’t own common stocks if a 50% decrease in their value in ...
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