The title of this post is a diirect quote from Martin Fridson, the leading expert on junk bonds, speaking of financial firms and buyout companies.
I hate being right.
The private equity kings and warlords who for the past decade have been making monster paychecks are suddenly seeing their investments sink. The Titanic was a rubber raft compared to what’s happening to these guys.… read more “Financial Firms “Staring Into The Jaws of Hell””