
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
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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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