In this engaging discussion, Kieran Goodwin, a credit investing expert with over 20 years at firms like King Street Capital, shares insights on the evolving landscape of private credit. He highlights the misconceptions surrounding low volatility in private credit and the complexities of managing defaults. Kieran emphasizes the blend of emotional and intellectual intelligence necessary for successful investing and discusses the importance of adaptability and imagination in navigating volatile markets and pursuing alpha.

Guest Kieran Goodwin, distressed debt investing expert, discusses alpha decay, option characteristics of distressed investing, and the challenges of creditor-on-creditor violence in the distressed market. He also explores the CLO business, credit widening cycles, and the potential consequences of market dynamics on default rates.