Pagaya has a massive growth potential ahead but it comes with lethal balance sheet related risks.
Great writeup. I own a few shares from another sub. At this price better risk reward. Chance of systemwide credit problems seem overblown, for now. Thanks.
Yeah, what I am more worried about than the systematic credit risk is its own balance sheet.
However, looks like it has absorbed most of the losses for now, and I don't see another acceleration in markdowns anytime soon.
🙏🙏🙏
Great article Oguz.
Great writeup. I own a few shares from another sub. At this price better risk reward. Chance of systemwide credit problems seem overblown, for now. Thanks.
Yeah, what I am more worried about than the systematic credit risk is its own balance sheet.
However, looks like it has absorbed most of the losses for now, and I don't see another acceleration in markdowns anytime soon.
🙏🙏🙏
Great article Oguz.