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There's no such thing as toxic assets, only toxic prices and toxic debt levels.

distressed-debtphilosophy— Masters in Business podcast, 2024
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We are in the business of trying to buy businesses at a good price. And then we are in the business of trying to improve them, sometimes even transform them operationally.

control-investinginvesting-style— Masters in Business podcast, 2024
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You've got to be able to buy it. Either you buy it through the debt, where you buy it by buying debt at a discount, or you buy it bilaterally in a process without a process.

distressed-debtinvesting-style— Masters in Business podcast, 2024