ProfessorVC: Why I Hate Convertible Debt.Let Me Count the Ways
Professor VC
APRIL 7, 2011
My partner in Menlo Incubator , Gary Kremen , and I had a recent debate on which one of us hates convertible debt more. However, using portfolio theory, your losers are going to far outnumber your winners, so taking half or more of the gains out of the winners will have a big impact on the overall returns. ProfessorVC. ► 2010. (7).
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