Money spoilers for the new decade
Margin Call: E-scooter sharing firms have characteristics of a terrible investment.
“There’s no asset class that too much money can’t spoil,” said Morgan Stanley money manager Barton Biggs.
Biggs’ quote succinctly explains the capital cycle. Good returning assets attract investment. Often too much investment is made, resulting in oversupply and lower returns.
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Richard Stubbs
Tue, 25 Feb 2020
Tue, 25 Feb 2020
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Money spoilers for the new decade
Analysis,Investment,
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