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hurricane_run

This is an interesting read re gambling v investing.

https://on.ft.com/3GP1wkN

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NickCJ in reply to @hurricane_run

In what way? The article is about putting leverage on investments / repackaging them to sidestep insurance capital regulations. I don't think it really touches the prior discussion.

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hurricane_run in reply to @NickCJ

I think you nicely answered your own question! One would imagine that capital regulations would provide a convenient expert view of the (in my view artificial) distinction. To cut and shut distressed debt into shiny products is surely the différance where this all falls apart.

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