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Economy & Business
Please note: This is a companion version & not the original book. Book Preview:
#1 The world economy is broken. Underlying fissures created by subprime mortgage losses have cracked open, with a devastating effect on the global financial system.
#2 The investment committee is the decision-making body made up of the partners as voting members and the rest of the Firm as observers and commentators. They meet every Monday at 10 a. m. Eastern Time.
#3 The Firm has kept an eye on the company even after selling it off. Every quarter since exiting the business three years ago, the Firm’s analysts have collected operating and financial data from relevant sectors of the economy and processed them into financial models.
#4 The Firm is prepared to make the investment, even though it is in listed stock and debt rather than acquiring a business outright. The reason is that financial markets are cracking, and investor sentiment is at such a low. The prices of these securities are extremely distressed because the world is in chaos.
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Ebook: 14 July 2022
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