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Porter Stansberry on a Potential Recession, Opportunities in Distressed Debt, & The Bull Case for Energy Stocks | #462

The Meb Faber Show - Better Investing

CHAPTER

How to Make Money in Bankruptcy

I've never bought a distressed bond. So I may follow along just to get the experience of it. We made, I can't remember exactly the return was, but it was absurd. It was 900% on a right aid bond coming out of the 0.809 downturn. There's an enormous amount of corporate debt out there that's going to be downgraded from investment grade to junk. And there isn't enough capital dedicated to junk to buy it all.

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