Vishy Tirupattur
speaker
74 appearances
1 recordings
1 series
first heard Jul 2026
last heard 28 Jul
Vishy Tirupattur’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.
Appearances
A lot more transactions will happen, we expect, in some of these SPV faults.
That itself, I'm not particularly bothered
by it in itself, I think it's important for every investor to understand the nitty-gritty if it is, you know, of all the structures.
You know, what are the sorts of cash flows?
What's the timing of these cash flows?
What are the factors that could put these cash flows at risk?
That understanding is essential.
I mean, I think one should always be concerned about complexity.
Are you being rewarded?
Do you understand the complexity?
And is there enough of a risk premium to offset the complexity?
The more complex a structure is, the liquidity is going to be less liquid than a plain is going to be more liquid than a complex structure.
It is an index eligibility, it will be more liquid.
I think each of these components,
I think we've learned some things from the financial crisis and other previous crises.
I think if I compare this, probably a more appropriate comparison is looking at the telecom, which was a major CapEx boom in the late 90s.
Many of these companies, I think the big distinction between then and today,
is that bulk of the telecom-related capex, which involved laying all the fiber network, etc., all of that stuff came from companies where the bulk of the debt of the companies were by issuers that were barely investment-paid or below investment-paid.
Already, starting point had a lot of outstanding debt.
Starting point didn't have a lot of cash on balance sheet.
Showing 41–60 of 74 · page 3 of 4
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