Re:Someone has to foot the bill for empty offices
by toomuchtodo on Thursday June 10, 2021 @03:31PM
(#27464627)
If a single named security falls through the floor because they couldn't pivot from B&M to E-comm, there is no insurance that is going to pay out for an investor's loss (securities fraud aside). Likewise, if you made a bet that's going sour (office space), you are going to eat that loss.
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Re:Someone has to foot the bill for empty offices
by tomrod on Thursday June 10, 2021 @03:32PM
(#27464643)
Agreed.
"Insurance" in the financial market is hedging.
Re:Someone has to foot the bill for empty offices
by toomuchtodo on Thursday June 10, 2021 @03:33PM
(#27464660)
Words mean things! Insurance is when you pay someone else to manage the risk, hedging is when you do it yourself. Excuse my pedantry. Agreed that hopefully funds invested in office investment vehicles did not overexpose themselves in reaching for yield (because, heh, offices are sure things, right?), but, you know...
Re:Someone has to foot the bill for empty offices
by tomrod on Thursday June 10, 2021 @03:40PM
(#27464739)
> Words mean things!
Do they? I've always found connotation to be an intimate and flexible concept, and serves as a limiting factor for true communication. Wittgenstein agrees, I think :)
I can pay a hedge fund to hedge my risk.