This article first appeared on Floating Path.
What happens next with Ukraine is really anyone’s best guess, but Nomura has attempted to construct a flow chart of possible outcomes. Unfortunately, all roads lead to political uncertainty.
The diagram begins in the upper left corner. On the right side is the approximate timing of events along with the large external repayments that could potentially trigger restructuring.
In a rare interview with Harvard Business School that was published online earlier this month, (it has since been taken down) value investor Seth Klarman spoke at length about his investment process, philosophy and the changes value investors have had to overcome during the past decade. Klarman’s hedge fund, the Boston-based Baupost has one of Read More