TIP381: High Yield Masterclass w/ David Sherman
We Study Billionaires - The Investor’s Podcast Network
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Navigating High-Yield Investing
This chapter explores the journey of an investor from their university days to becoming an expert in high-yield debt, recounting experiences at Drexel Burnham and the excitement of the high-yield market. It emphasizes the importance of financial analysis and understanding business models when investing in distressed companies, as well as the risks and strategies involved, such as hedging. Additionally, the discussion covers various debt structures and the interplay between equity and bond investments, providing valuable insights into corporate financing.
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