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Value After Hours 05 18: Michael Kao, Urban Kaoboy; Alpha with Asymmetry; Capital Structure Arb

The Acquirers Podcast

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Warren Buffett's Advantage in the Convertible Press

Warren Buffett has an advantage that most people don't, right? I mean, he gets sweetheart treatment there. He's getting a very large dividend rate. But he still retains the equity upside. Most of the money I made in my career was actually buying distressed bonds. So yeah, anyways, one other trade I've heard you talk about was the El Paso in about 2005 El Paso convertibles. Do you want to walk through that a little bit?

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