Nathan Latka
👤 SpeakerAppearances Over Time
Podcast Appearances
Okay.
So you've already tried to put it in and you can't get it out.
Okay.
And what's that percent?
It's obviously bigger than 6.8.
What percent going to default?
How do you sue and make it worth it?
I mean, if these deals are only 30 grand, don't you lose more money on the suit?
And so as you think about building a business with a good margin of safety moving forward and you're thinking, okay, if every dollar we put out 15% will end up defaulted, 6.8 will be actually charged off.
In other words, we sued, we can't get the money, collections couldn't get it, the company went out of business.
Yeah.
Okay.
Obviously.
Yeah.
Yeah.
My point being though, is let's say in the next year, you put out a hundred million bucks in your head, you're thinking you've got to charge or make at least something like 30%, subtract the 15% default to 6.8%.
And then that's your margin.
That's what you take home as a business.
Well, how would you do it?
This is all about you.