Crowded Long

[Crowded Long @crowdedlong]

@BradDunkley Insurance dude

[Crowded Long @crowdedlong]

@trengriffin That is not what they are doing at all - they are shifting the asset mix to more directly originated credit (private credit) which offers a decent spread pick up at a similar credit rating - trade off is more liquidity risk.

[Crowded Long @crowdedlong]

@1MainCapital LOL why are we double or triple counting the insurance biz - book value, earnings and fee revenue - it doesn’t work like that. If so $APO is a $200 stock.

[Crowded Long @crowdedlong]

@thecashman22 Craft skews more to at home consumption imo so could actually win. Value brands could also win on trade down though.