As serious as it gets, page-169

I believe I said "in my view".

So "In my view" I acknowledge the fact that this company could go to 0 (or close to it), with a high likely hood. But I also acknowledge that there is significant upside. Other peoples view may be different - that's their prerogative.

Assumptions? Yes. But how do you think every single broker in the world determines a "target price" for all listed entities - I will tell you now. It is from "Assumptions"

How did Deutsche bank determine to buy the debt at 45c in the dollar? Why not 46c or 44 c? Again - using "Assumptions" of likelihood of survival etc.

Why is a BBB bond at a higher yield than a AAA?

Why do people bet on a horse to win a race?

Why do people invest in SGH?