High Line Advisors
Insights

Insights

Shorter than a paper and quicker to write: a reading of something that just happened, or an argument not yet worth twelve pages.

Subject
On collateral upgrades

The trade is fine. The habit of not re-reading the documents is not.

Apr 2026 2 min

Notes are not revised after publication. Where one is overtaken by events, a later note says so rather than the earlier one changing.