Develop Good Habits: The Art Of Playing Defence
Whitney Tilson’s email to investors dissucssing Vatican used charity funds to bet on Hertz credit derivatives; develop good habits.Q3 2020 hedge fund letters, conferences and moreVatican's Bet On Hertz Credit Derivatives2) You just can't make up a headline like this!This Financial Times article reminds me of a long-running Sports Illustrated blurb, "This Week's Sign of the Apocalypse"... Vatican used charity funds to bet on Hertz credit derivatives. Excerpt:The Vatican invested some donations for the poor and needy in derivatives that bet on the creditworthiness of Hertz, the U.S. car rental c...