Was at the WH Correspondents dinner last night, a rare DC trip for me without a subpoena. On the positive side—was exciting, no one was killed, and ended early. I noted a new litmus for status among the gov’t elite—whether you were whisked away by secret service, or left to fend.
50 Years Ago Today: Chicago #Cubs outfielder Rick Monday saves the American Flag from being burned during a game vs. the Los Angeles Dodgers at Dodger Stadium! (April 25, 1976) #MLB#Baseball#History 🇺🇸
How Costly Will Musk’s Admission on Self-Driving Hardware Be? | My latest @WSJ@WSJheard $TSLA — Tesla’s costs for trade-ins and upgrades could easily be in the billions of dollars. So why didn’t it take a new reserve on the balance sheet? https://t.co/lLd7ItKwOM
A Moment of Truth: Which Private-Credit Funds Believe Their Own Balance Sheets? | My latest @WSJ@WSJheard $FSK $OTF $OBDC $BXSL $ARCC $KKR $OWL $BX $ARES https://t.co/l6O5FabC3t
The Crazy Math Confronting Everyday Investors in Private Markets | How about a 16-fold same-day markup using “NAV as a practical expedient” to fair value? Fair value in PE often isn’t exit price, it’s just whatever you say it is. My latest @WSJheard@WSJ https://t.co/5apVfeGEcF
As private credit's troubles mount, it's natural to wonder if it could lead to another financial crisis, as with subprime. I spent some time studying the parallels. Here's my answer. https://t.co/bmRhA0D1v4
Breaking News: The Pentagon’s restrictions on news outlets violated the First Amendment, a federal judge ruled, in a victory for The New York Times. https://t.co/t9nTUiHM7L
Investors are fleeing the $42 billion Cliffwater Corporate Lending Fund. Many seem to believe the private-credit fund’s official net asset value is inflated, writes WSJ Heard on the Street columnist @JonathanWeil. https://t.co/Ai7qL60C2M
The Knicks Are Undervalued. Fixing That Will Be Harder Than Winning a Championship | My latest @WSJ@WSJheard#Knicks#NYR $MSGS $MSGE $SPHR | The Dolan discount won’t go away entirely unless the Dolans do, too.
The Knicks Are Undervalued. Fixing That Will Be Harder Than Winning a Championship | My latest @WSJ@WSJheard#Knicks#NYR $MSGS $MSGE $SPHR | The Dolan discount won’t go away entirely unless the Dolans do, too. https://t.co/31cJa21krz
The Knicks Are Undervalued. Fixing That Will Be Harder Than Winning a Championship | My latest @WSJ@WSJheard#Knicks#NYR $MSGS $MSGE $SPHR | The Dolan discount won’t go away entirely unless the Dolans do, too.