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‘An impending corporate-debt crisis’: A fund manager destroying 98% of his peers explains why Tesla, Netflix, and other tech darlings are in the same boat as WeWork

Adam Neumann

  • WeWork, Tesla, and Netflix are all “reliant on the kindness of capital markets” for their valuations — and that’s a big red flag to Brian Yacktman, the founder of YCG Investments.
  • He told Business Insider why these popular companies are symptomatic of a potential corporate-debt crisis, and explained how his alternative approach to picking stocks produced superior returns this year.
  • Yacktman’s stock picks placed his YCG Enhance Fund in the 98th percentile of its peer group in 2019 and on a five-year basis.
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The downward spiral of WeWork was arguably the biggest business read more >>>

Source:: BusinessInsider.Com