BDC markdowns lack consistency and transparency
The discussion highlighted a lack of standardized process for marking down assets in Business Development Companies (BDCs), leading to potential investor skepticism over appropriate valuations.
Keep reading this one
You've read the thesis and who argued it. A free account opens the argument, what validates it, the risks the show raised, and the moment in the episode where it was said — 3 ideas in full a day, no card.