Re: Mental Models - The Lasagna Layers of the Risk Edifice.

This missive uses examples from Roman Archaeology to explain Capital Structure and what I call the Risk Edifice. I also explain the asymmetry of Fulcrum Securities.

This missive uses examples from Roman Archaeology to explain Capital Structure and what I have repeatedly called the “Risk Edifice.” I also explain the asymmetry of Fulcrum Securities.

I just got back from two weeks of intensive tours of Italy, focused specifically on Ancient Roman History and Art History, so apologies in advance for the short digression…