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In Brazil private-equity deals are mostly unleveraged, and often involve minority positions in medium-sized companies.
We were being criticised three or four years ago when the hairy beasts in the jungle were going around saying we had a lazy balance sheet and unleveraged freehold assets..
AT&T sells at 10 times earnings, but is unleveraged and yields over 6%.
The fund is unleveraged and has an expense ratio of 1.18%.
"The current market cap [for cryptocurrencies] is $400 billion, and that is totally unleveraged.
Everyone wants a better rate of return than the market has to offer unleveraged investors.
The lesson: "Private equity should mean equity," scolds Howard Newman of Pine Brook Road Partners, which does unleveraged deals.
An ETN that Ptak recommends: the iPath Dow Jones-AIG Commodity Index, which tracks unleveraged investment in the Dow Jones-AIG Commodity Index.
Heavily margined day-traders were quickly wiped out; unleveraged day-traders had only a bit more time to discover how little gratification there is in losing money.
No skill".
To transmute skill, skill is first required.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com