Betwixed and between

  • 8 Posts
  • 323 Comments
Joined 3 years ago
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Cake day: March 14th, 2023

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  • that’s a dangerous strategy to employ, one oft used by populists eg Donald Trump, Putin, Modi etal and is the strategy colonial powers used.

    What’s “best” for your people this year might end up making it worse for decades to come and inevitably lead to an isolated and nationalistic country reviled by the rest of the world with all sorts of blowback eg Russia and the US suffer this now, making enemies of most of the rest of the world.







  • this is a little bit hyped though, most investors can take their money out, the funds have just applied the rules. These are unlisted funds, so withdrawals are mostly capped at 5% a month. Retail investors and unlisted funds are a stupid idea though.

    Quite a few are trying to take their money out to arbitrage the listed funds, which are now “undervalued” compared to the unlisted funds

    That said, there’s a lot of opaqueness in BDC’s so eyes wide open. However I recently went long on Ares capital (a small amount), MAIN is the biggest but still overvalued IMO. Id give Blue Owl a miss, at least until the dust stlettles.

    https://stockanalysis.com/stocks/arcc/