BDCs make multi-million dollar risky loans to middle-market companies.
Today there are ~50 publicly-traded BDCs on the Nasdaq and NYSE. Two of the biggest are $ARCC and $GBDC.
BDCs are valued based on their portfolio of these so-called “risky loans,” or non-investment grade debt.
This is a money and policy museum located in the City of London. I went and I got to hold a super heavy solid gold bar. Here’s what I learned.
Warren Buffett says his first two rules of investing are:
- Don’t lose money.
- See rule number one.
I have been thinking about asset allocation and investing a lot lately.
Black-and-White Capital is an activist hedge fund created in 2016 owned and operated by Seth Wunder.
The more I look into Seth Wunder and Black-and-White Capital, the more I find myself returning to one simple question:
Who is Seth Wunder?
I am genuinely curious to learn more about Seth and his company, especially after they were the first to take an activist investor stance on Etsy in early 2017.
Here’s what I know so far. (more…)
I was doing some deep thinking the other night:
How would I live my life differently if I had $10,000,000 in cash?
First thing I’d do: Hundred dollar bill snow angels
I wrote down a bunch of ideas of specific things I would do, like play more tennis and hire a personal chef.
I’m also going to share some of the best things my friends said.
At the end, I’ll try to encourage you to do this exercise and attempt a conclusion.