This marks the phase in the diminishing asset economy where, instead of relying on revenue round tripping to spur market gains, the strategy becomes to interlock cap tables through significant cross ownership, banking on the hope that the
This marks the phase in the diminishing asset economy where, instead of relying on revenue round tripping to spur market gains, the strategy becomes to interlock cap tables through significant cross ownership, banking on the hope that the
next major downturn will trigger a USG bailout. The likelihood of this approach working is questionable. It is preferable to back companies committed to genuine independence.
Although cross ownership and revenue round tripping are legal, they suggest a defensive posture that could reveal vulnerabilities in challenging times.