$Main Street Capital(MAIN.US) has good quality. 🎑

Although there are many BDCs, there are actually only two with good quality: $Ares Capital(ARCC.US); $Main Street Capital(MAIN.US). The former has proven cash flow, while the latter has strong operational capabilities from the management team. Most other BDCs are somewhat like low-quality bond ETFs, performing poorly except for high yields🎑

长桥优秀的投资者

Just posted a conjecture about BDC, and then @lyhalfway asked what BDC is. Suddenly realized that this business model is not well understood by everyone 🤔 First, let me explain one question: What is BDC? The full name of BDC is Business Development Company, which is usually translated as a business development company or enterprise development company in Chinese. It is a special type of closed-end investment company established under U.S. law, and its core business is to provide financing to small and medium-sized enterprises and large enterprises in distress...