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market and leveraging our growing SmileShop footprint to drive upsells for our CarePlus offering. Leveraging all the benefits of SMP together drives improved financial performance on top of our core business. SMP is showing signs of driving stronger marketing efficiencies through tangible benefits by reducing our cost per lead.
To this extent, we have already demonstrated tremendous potential for leverage across the business. So, even when you download updates, they actually live in a different part of the system -- and obviously, moving away from the kernel is incredibly beneficial to system stability. This provides us with ample durability and flexibility.
I'd like to remind you that today's presentation, which is available for download on our website, citigroup.com, may contain forward-looking statements which are based on management's current expectations and are subject to uncertainty and changes in circumstances. Net income was $150 million. It's very robust out there.
What they are trying to do is lend, and then take that collateral if those loans go bad, and then recycle that collateral into more cash. That was what his mentality was that you could grow to greatness, and the thing about Chewy was that Chewy unlike GameStop , you can't download dog food. But that's an OK example.
You can stream and download our full conversation, including the podcast extras on iTunes , Spotify , Stitcher , Google , Bloomberg , and Acast. And so, therefore, the usual market forces that push against high leverage in other companies that just naturally with no regulation would limit. Any kind, collateral, non-collateral.
You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. Perhaps most famously you guys put on a CO bet, a collateralized debt obligation bet that was designed to do well if housing made some extreme moves and it was non-directional, it was hedged.
You can stream and download our full conversation, including any podcast extras, on iTunes Stitcher , Bloomberg , Spotify , Google , and YouTube. And the Japanese regulators were having a tough time with cross collateralization and issues about whether there were balance sheet accounting issues. Is that right?
You can stream and download our full conversation, including any podcast extras, on iTunes , Spotify , Stitcher , Google , YouTube , and Bloomberg. And what was interesting was the first leveraged buyout of a public company happened when I was in graduate school. KLINSKY: In 1979, it was the first leveraged buyout of a public company.
You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , Google , YouTube , and Bloomberg. Another floating ra, another interest rate sensitive asset class or LBOs, highly levered leveraged buyouts supported by floating rate liabilities. That’s an example.
You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. Brian Higgins has put together a amazing track record handling distressed and stressed debts, as well as other forms of credit real estate collateralized obligations. It was formed in 1995.
You can stream and download our full conversation, including any podcast extras, on iTunes , Spotify , Stitcher , Google , YouTube , and Bloomberg. MILLER: The collateral won’t be adequate in our view. MILLER: And leveraging off of the technology, the platform for Instagram. Or could, would, or wouldn’t be.
You can stream and download our full conversation, including any podcast extras, on iTunes , Spotify , Stitcher , Google , YouTube , and Bloomberg. You know, people are comfortable, leverage builds. You know, the leverage in the system builds. It’s the collateral. And if it does, it will create exogenous shock.
You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. This is implicitly leverage. Leverage is a tool that accentuates both the good and the bad. And you need to be aware of the leverage risk that’s embedded.
You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. 01:18:12 [Speaker Changed] Understand the leverage that you get from all of the new AI tools. The transcript from this weeks,MiB: Jim O’Shaughnessy on Infinite Wisdom, is below. Totally agree.
You can stream and download our full conversation, including any podcast extras, on iTunes , Spotify , Stitcher , Google , YouTube , and Bloomberg. MORGENSON: It can be collateralized loan obligations, now it’s big private debt. The transcript from this week’s, MiB: Gretchen Morgenson on Private Equity , is below.
You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. It’s, it’s no different But, but inherently in futures, a whole lot more leverage, a whole lot more risk. You sell a naked call, you [ Barry Ritholtz ] Right.
You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. And beyond that, you know, my book gets into how they have this pattern of lying, cheating, copying their way to the top and using their leverage in all these different industries to crush competition.
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