May 18, 2021 • 3M

Follow up: Everybody Hertz

The gamblers are redeemed

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Stories about economics, and whatever else I find interesting.
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Earlier this month the Hertz bankruptcy proceedings finally concluded and in the face of all odds the shareholders will actually turn a tidy profit. Here is a brief post-script to our first podcast episode, errata’d before I even released the second. Markets move quickly these days!

Source: "The Hertz Gamblers Were Right" - Matt Levine

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