Thomas Wagner on Sports Investing With Tom Brady
Masters in Business
00:00
The Fallout From the Dotcom Implosion
Most companies that end up in distress are very levered at the outset. They have a sub investment grade or junk or high yield rating, depending on what terminology you want to use. Those are the companies most likely to face severe financial stress because they have the biggest stock of debt. And for me, I was not somebody that grew up in a financially comfortable environment.
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