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I really want to agree with @chamath-understand that Chapter 11 is what makes the 
bankruptcy code so unique in that it allows restructuring rather than liquidations.
However, what is cost of equity in #chamathâs vision? Should businesses hoard
to withstand next pandemic? https://twitter.com/manal_mehta/status/1245360059019718656
bankruptcy code so unique in that it allows restructuring rather than liquidations. However, what is cost of equity in #chamathâs vision? Should businesses hoard
to withstand next pandemic? https://twitter.com/manal_mehta/status/1245360059019718656
Would you ever invest in a hotel, airline or other business that didnât reserve enough to withstand 90% of their business vanishing overnight? I get the moral hazard arguments but must incorporate impact on capital markets & cost of equity. @ScottWapnerCNBC @izakaminska @WSJ
to withstand 90% of their business vanishing overnight? I get the moral hazard arguments but must incorporate impact on capital markets & cost of equity. @ScottWapnerCNBC @izakaminska @WSJ
For context to this thread: https://twitter.com/cnbc/status/1248425968529821696?s=21
