What the Pros Say (Blackrock, Crypto, ICOs, M&A and Steinhoff)

Check Yo'Self B'Fo You Wreck Y'Self. As they say, "with great power comes great responsibility." Blackrock drops the hammer and outlines what it expects to see on the corporate governance front.

Cryptocurrency. A reminder: "It Can All Go To Zero" by Brad Feld.

ICOs. Avtar Sehra write a compelling piece about the structural and dynamic economic properties of Initial Coin Offerings. 

Wachtell Lipton Rosen & Katz outlines some M&A expectations for 2018. Interesting: "While for several years, both lenders and private equity firms have been concerned about the leveraged lending guidelines, the regulatory environment overall seems more friendly to highly leveraged transactions than in recent years. The percentage of leveraged transactions financed with debt in excess of 6x EBITDA was higher in 2017 than at any time since 2007, fueled in part by a perceived relaxation of U.S. bank regulatory guidance that set 6x as a targeted maximum since 2013."

SteinhoffReorg Research discusses the troubled South African retailer (audio - podcast).