Ryan Miller
speaker
4,581 appearances
12 recordings
2 series
first heard Mar 2026
last heard 10 Aug
Ryan Miller’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 12 in all, peaking in Jul 2026 with 4.
Appearances
It means the method expresses a little differently.
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See, in public markets, distress shows up as a price that you can short.
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In private markets, distress shows up as a date on which somebody is contractually compelled to make a transaction.
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That's the whole translation.
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And that's the entire episode.
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Because in private markets, there's no force selling mechanism for price alone.
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Nobody gets a margin call because a mark moved.
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What forces the transaction is the contract, a fund reaching the end of its life, a credit agreement hitting maturity, a covenant test, a nav facility coming due, an investor who needs liquidity and has run out of all other options.
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Those, my friends, are dated.
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Those are non-discretionary and they are all written down right now in documents you can read.
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Exactly like Bury's mortgage prospectus.
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So your big short isn't a short at all.
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It's a calendar.
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I call it the forced seller's calendar.
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And building it is the most valuable thing you can do this quarter, in my humble opinion.
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So three mechanisms.
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Let's build it right now.
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Okay, so stop forecasting the recession.
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You will not out forecast the market, and neither will I.
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Instead, go find the dated contractual non-discretionary events that are already written down.
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Showing 161–180 of 4,581 · page 9 of 230
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