Commentary
Take-offs and Landings
Bastille Day is a French national holiday in July with fireworks and parades. This year it was also celebrated in…
Read MoreAnd You Thought Cov-Lite Was a Problem
Two years ago we featured on these pages Oumuamua, a comet masquerading as an alien space ship [link]. Last we…
Read MoreHeads and Tails
News reached us last week of a two-headed snake found in the Pine Barrens of southern New Jersey. The young…
Read MorePar for the Course
Despite our known deficiencies on the links, we were invited last week to a superb round of golf with other…
Read MoreDirect to Consumer
We mentioned last week Apollo’s $1.8 billion financing for New Media Investment Group’s acquisition of Gannett & Co. It seemed…
Read MoreHigh-water Mark
We instinctively knew making “Smooth Sailing” our commentary title last week invited retribution from the market gods. No sooner had…
Read MoreSmooth Sailing
“How do you come up with all the ideas for your columns?” That’s a question we frequently hear from readers.…
Read MorePrivate Debt: Search for Transparency (Last of a Series)
“There is no passive option in direct lending.” So begins “Selecting Direct Lending Managers,” Chapter 13 in Steve Nesbitt’s Private…
Read MorePrivate Debt: Search for Transparency (Fourth of a Series)
Last week in our special series on visibility in direct lending, we touched on the element of risk/reward. This week…
Read MorePrivate Debt: Search for Transparency (Third of a Series)
Coney Island was the scene last Thursday of Nathan’s Annual July Fourth hot dog eating contest. For the 12th time…
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