An LBO Feature

JayHecht at aol.com JayHecht at aol.com
Wed Jun 3 11:34:35 PDT 1998


Doug,

Given all the nonsense about the role of the stock and bond market in capital formation, how about a regular feature where you debunk some "myth of the market."

For example, in the text I'm using for a finance course, they note that over 85% of corporate long term financing is in the form of bonds. What they don't say is that the bulk of total corporate finance is done internally!

Jason



More information about the lbo-talk mailing list