How Zero-Sum Thinking May Affect Attitudes About Taxes
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Do you think about the world as “zero-sum,” where resources are limited and
my gain is your loss? Or do you believe that resources are plentiful and we
all...
27 minutes ago
Hi Uncle8888,
ReplyDeleteLending platforms also got retail-but-not-so-retail speculators, as well as the pure bei kambing / yield hogs... :)
Those more experienced will study the borrowing company's financials & business prospects, as well as its industry outlook.
I won't be surprised if the owners or shareholders of such retail lending platforms often have 1st bite of the pie for the more promising companies. LOL
In the "professional" world of lending i.e. bond market & private equity (they usually do it with contingent convertible bonds or CoCos), the average investor is usually "smarter" than the average stock investor. That's why the old adage that bond market is "more correct" than stock market.
But when you open up junk bonds & "retail" bonds to bei kambings, yield hogs, HNWs, and snake oil bank RMs ... Alamak ... you get fun shows happening!