Prices can rise “When the tide goes out, we all see who is swimming naked”, a simple analogy from Warren Buffet. One with profound insight. A robust business model will survive market conditions and even flourish. In finance, this applies to lenders and borrowers. Pre-Covid the market was awash with cheap money as a plethora of lenders competed on asset risk. In their haste to lend they often ignored the business structure of the borrowers. … Continue reading Prices can rise