Matt Levine, Columnist

Investors Will Buy Anything Now

Also bank buybacks, Treasury futures and ETF voting.

June 28, 2021 at 1:00 PM EDT

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

Before it’s here, it’s on the Bloomberg Terminal

LEARN MORE

A model of corporate finance that I like and find helpful goes like this:

I have phrased it as simply and stupidly as possible to make it sound inevitable and obvious, but of course it isn’t; this is by no means the only model of corporate finance. The main alternative is the same through step 4, then branches off in step 5:

Before it’s here, it’s on the Bloomberg Terminal

LEARN MORE