Jeffrey Allen
Jeffrey Allen
assets contain derivative extreme insist modified original pay returns structures
These are probably extreme cases. More often, structures are calibrated so that assets pay down while a derivative amortizes. Most investors, who do not want their returns squeezed, would insist that the original transactions are modified to contain risks.
hold learn lost road win
We lost one (on the road), and we could have lost this one if we didn't hold them on defense. We have to learn to win on the road a lot better.