Todd Saligman is an insightful analyst from Capital Group focusing on troubled companies, while Steve Watson is a seasoned portfolio manager with expertise in crisis investing. They dive into the unique strategies for identifying opportunities in distressed firms, emphasizing a contrarian mindset. The duo discusses the resilient travel industry during the pandemic, highlighting contrasting outcomes between legacy and low-cost airlines. They also explore the resurgence of the cruise sector and delve into the psychological nuances influencing investment decisions.

Steve Watson, founder and curator of Stack, discusses the joy of browsing print magazines and the art of magazine making in the digital age. He explores the process of curating magazines for the Stack subscription service, emphasizing the importance of unique perspectives and the element of surprise. Watson also shares insights into organizing and selecting magazines, and highlights Safar, a magazine in Beirut affected by the explosion, which recently released a powerful issue.