CEO @Swan | Host of OUTSIDE MONEY | Investor in 60+ tech startups | Follow for Bitcoin, investing, markets, macro, and geopolitics | Truth, family and ๐
PRIVATE CREDIT didnโt eliminate credit risk after 2008.
It changed who sees the problem first.
Lenders know if borrowers are in trouble long before defaults or write-downs show up in the numbers everyone else can see.
Down the rabbit hole we goโฆ