Credit Default Swaps
Bill explains the risks and commitments involved in Credit Default Swaps (CDS) contracts, and how he viewed the risk as a much lower commitment due to his bearish view on the stock market and good sense of timing. He also discusses the two forms of risk involved in CDS contracts, the premium commitment and credit spreads tightening, and how he managed these risks.In this clip
From this podcast
The Knowledge Project
Bill Ackman: Getting Back Up | The Knowledge Project Podcast #82
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