Lessons From Market Crises
Welcome to the 68th Pari Passu newsletter.
Over the last few months, we covered very technical lessons including Class Gerrymandering, Contingent Convertible Capital Instruments (CoCos), and Reverse Dutch Auctions. This week, we are taking a step back and we are going to dive deeper into a less technical topic: market crisis. We will learn about the 3 ma…