Link para o artigo original : https://www.oaktreecapital.com/insights/memo-podcast/the-rewind-lines-in-the-sand
The Rewind – Lines in the Sand
Howard reflects on this memo originally published on April 18, 2017. Following up on his classic memoYou Can’t Eat IRR, he discusses why financial innovations that can artificially boost IRRs, like subscription lines, should be treated cautiously and why no single performance metric tells the whole story.