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If the downside is walking away with nothing on a bet that you put nothing on, then I think it’s always worth the risk
by mvid 4y ago
If the downside is walking away with nothing on a bet that you put nothing on, then I think it’s always worth the risk
- lotsofpulp 4y agoSure, but those kinds of deals are rare, especially absent corruption. A cursory Wikipedia search shows the baseball team owner referenced above put up significant real estate as collateral.
- solveit 4y agoYes, all the downside falls on the lenders because that's how investing money works. If you can get someone to loan you hundreds of millions, you should (in a purely economic sense) take it because all you can lose is everything you have.