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I don't think that the trade war had disproportionate effects on Altman's prop 1 companies.
by aetherson 7y ago
I don't think that the trade war had disproportionate effects on Altman's prop 1 companies.
- zozbot234 7y agoAltman's bet was about absolute values, not proportions. The trade collapse impacts those as much as anything else.
- aetherson 7y agoThe prop 1 companies underperformed Altman's expectations in a way that the market as a whole, and the prop 2 and prop 3 companies, did not. Explaining that via recourse to a trade war is difficult.