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ChristianKl comments on Open thread, Dec. 21 - Dec. 27, 2015 - Less Wrong Discussion

2 Post author: MrMind 21 December 2015 07:56AM

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Comment author: ChristianKl 21 December 2015 09:59:58PM *  0 points [-]

I don't think that the article says something about problems that come with scale. It rather suggests that the first attempts were lucky.

There are also ethical issues with the business model of buying up debt and then hiring ex-convicts to collect that debt.

Comment author: Tem42 22 December 2015 03:15:42AM *  0 points [-]

Another, much smaller, example.

Edit:typo.

Comment author: ChristianKl 22 December 2015 11:15:20AM 0 points [-]

I don't think that's an example of someone investing money into an asset. It's a bet on default rates not changing.

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