Dan Loeb Gets In On “The Best Managed Pyramid Scheme In The History Of The World” At A Discount

An important truism in the financial markets is that there’s no such thing as a “toxic asset,” tout court; everything is toxic/dangerous/Bad at some (high) price and attractive/safe/Good at some other (much lower) price and there’s a wide area in between where things mostly live and you fight about their pricing. You can apply that… Continue reading » Follow Dealbreaker on Twitter or become a fan...