Math Profit and Loss Restructuring Securities 
Barry Ritholtz
MARCH 27, 2023
I invest less because I’m interested in what widgets a company does, and more in the capital structure and how to position yourself, what the other guy is going to do at the bond level or senior secured level, and how to position yourself to make money. So those companies restructured or liquidated. That’s the thrill to me.
Barry Ritholtz
OCTOBER 3, 2023
You’re doing a lot of math in your head on the Fly. I’m doing, I’m doing an awful lot of math in my head on the fly. At the time, the Mexican, after the Mexican restructuring, they had, they had Mexican bonds with an oil option embedded in them. And that’s how we created the securities division.
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