4 ms·
And there we have the reason for all of these interdependent deals between all these firms, they're all hedging with each other they can keep this set of plates
by burnte 11mo ago
And there we have the reason for all of these interdependent deals between all these firms, they're all hedging with each other they can keep this set of plates spinning.
They can't, not firever. Bubbles pop.
- nickff 11mo agoHow is what they’re doing a ‘hedge’? It seems more like alternative financing, or keiretsu.
- burnte 11mo agoKeiretsu are ways to hedge against loss, you form interlocking relationships that spread both risk and success around. In this case no one is sending actual money, they're sharing obligations with each other.