How to Invest in Distressed Assets

Interest rates have gone up at the steepest slope in American history and as you might expect that has not been good for operators particularly those who relied heavily on floating debt. John Valentino: I listen to your excellent podcast every Sunday morning on my walk and find them helpful amongst a sea of podcasts that aren't. Yesterday you mentioned Terry Loughlin and at 55 I decided to learn to swim with him so we could do some flip-flops together. Four years ago when we visited Maui, he did a two mile swim with me and it was very quickly turning very quickly. We're going to take questions from the audience this week.