Cockroaches in the Coal Mine

Citations · 6

• “My antenna goes up when things like that happen. And I probably shouldn't say this, but when you see one cockroach, there are probably more”

  p#2 · confidence 95%

• “more than 2% of all bonds by value have defaulted in a typical year, and many more during crises”

  p#15 · confidence 95%

• “First Brands's total obligations are $11.6 billion (inclusive of $9.3 billion of debt) versus the debt level of $5.9 billion that had been disclosed during a financing process undertaken in July”

  p#41 · confidence 95%

• “it isn't ''systemic,'' but it is "systematic."”

  p#35 · confidence 94%

• “In good times, ambiguous developments are interpreted positively, and negative ones are easily brushed aside. And when times have been good for a while, the possibility of loss recedes from consciousness. Rather, missing out on potential gains and falling behind one's competitors becomes the dominant concern.”

  p#19 · confidence 93%

• “In good times, people are relaxed, trusting, and money is plentiful. But even though money is plentiful, there are always many people who need more. Under these circumstances, the rate of embezzlement grows, the rate of discovery falls off, and the bezzle increases rapidly.”

  p#30 · confidence 92%