About This Episode
In this week’s Hurdle Rate, the crew opens with the latest on digital credit volatility and the broader market backdrop, before digging into Strategy’s capital framework and how management is navigating stress in the system. The conversation turns to institutional behavior, the realities of managing a cash balance sheet, and the dynamics of leverage and short interest within digital credit. We unpack high yield investing perspectives, what resilience and company DNA actually look like in this market, and the specific investor protections built into SATA. We close with reflections on what it takes to build durable structures in the digital credit era. Here’s the latest with @TimKotzman, @ColeMacro, @PunterJeff, and @Werkman.
In This Episode
- 00:00:00 — Welcome To The Hurdle Rate
- 00:02:06 — Digital Credit Volatility and Market Context
- 00:04:38 — Strategy’s Capital Framework Details
- 00:05:50 — Management’s Response to Market Stress
- 00:11:35 — Institutional Thinking and Market Realities
- 00:22:18 — Managing a Cash Balance Sheet
- 00:36:02 — Leverage and Short Interest in Digital Credit
- 00:42:43 — High Yield Investing Perspectives
- 00:54:53 — Resilience and Company DNA
- 01:02:43 — Specific Investor Protections for SATA
- 01:13:51 — Closing Thoughts