Kaoboy Musings

Kaoboy Musings

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

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.

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Michael Kao
Jan 23, 2024
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Kaoboy Musings
Kaoboy Musings
Re: Mental Models - The Lasagna Layers of the Risk Edifice.
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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…

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