Collectors are now collecting museums, not the other way around

Seats on boards offered by major museums are increasingly being used to serve the narrow agendas of the ultra-rich

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One Response to Collectors are now collecting museums, not the other way around

  1. Hey Felix,

    I’ve just read your article from 2008 about the Synthetic Bonds https://seekingalpha.com/article/108385-understanding-synthetic-bonds

    First of all, I’d like to thank you for this brilliant piece :)

    But I’m still wondering: who should be those guys who will buy this IBM credit default protection for 1.5%? It will burn their yields down to the T-bill level. What’s the motivation?

    Cheers!

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