Interview between Simon Ziff of Ackman-Ziff and Solomon Craig of Square Mile Capital
- Peak loan defaults occur 1-2 years after the crisis. So the peak problem should happen sometime H2 2021 into H1 2022.
- Return to normalcy does not occur until 3-5 years post-crisis
- The opportunities for distress are in front of us and not behind us
- Distress opportunities take a long time to unfold
- Your track record / reputation never leaves you so be very careful with your moves when things go wrong