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Value Investing with Legends

Sheldon Stone - Liquidity, Covenants, and Capital Availability

Oct 27, 2023
Sheldon Stone, a seasoned Chief Investment Officer, discusses balancing liquidity, the growing high-yield market, and the impact of intangible assets. Hosts Michael and Tano explore Sheldon's background, the trade-offs in investment strategies, and the role of sector analysis in market valuation.
01:02:15

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Understanding the value of the firm flows through all parts of the capital structure, including fixed income.
  • The establishment of a dedicated credit track at the Halbrun Center has been highly successful in teaching value investing and private credit.

Deep dives

The Importance of Understanding Value in Fixed Income

Understanding the value of the firm flows through all parts of the capital structure, including fixed income.

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