“I mean, the borrowing and investing, it is a form of…” — Cato Audio at 46:34
“I mean, the borrowing and investing, it is a form of arbitrage. You're hoping that you can get higher returns. And we are now in an environment where we have higher interest rates. And so the real return that you're getting is actually only the market rate minus what you're paying on Treasury. And we're hoping that…”
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