Art Of Vulture Investing
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In the corporate world, "vulture" investors in distressed securities serve the same cleanup function as vultures do in the natural world: they deal with failing companies, digest bad debt, and mop up after bankruptcies. Since this market's structural and legal complexities create greater inefficiencies than in other investment fields, it's a style of investing that can make money during both booms and busts. While recent economic carnage has created opportunities for vulture investors, more convoluted bankruptcies, conflicts of interest, and even government intervention have made this arena harder to negotiate. Nobody understands this better than author and founder of Schultze Asset Management, George Schultze. During his successful career as a vulture investor, he's learned a number of lessons and developed an investment philosophy that has served him well. Now, in The Art of Vulture Investing , Schultze shares his valuable insights and experiences with you. Engaging and informative, this reliable guide offers a bird's-eye view into the opportunities and risks associated with vulture investing. And while it may not always be pretty, you'll see exactly why this process is necessary for our economic ecosystem. Throughout the book, Schultze discusses what it takes to make it in the world of distressed securities. You'll discover how to research and pick the right companies in which to invest, swoop in on the "fulcrum security" of a failing company, wait patiently while others may panic, recognize when to get out of a losing position, and much more. Along the way, you'll also become familiar with the various investment options that reorganizations present at different stages of the process. And in order to put the concepts covered into a real-world context, Schultze recounts many of his own experiences, which include such high-profile bankruptcies as Tropicana Casinos and Chrysler Automotive. By its very nature, investing in distressed companies can be a complex and risky business. But once the dust settles, these investments can yield extraordinary profits. The Art of Vulture Investing puts this discipline in perspective and shows you how to excel at this difficult, yet rewarding, endeavor.
Beschrijving
(2)
In the corporate world, "vulture" investors in distressed securities serve the same cleanup function as vultures do in the natural world: they deal with failing companies, digest bad debt, and mop up after bankruptcies. Since this market's structural and legal complexities create greater inefficiencies than in other investment fields, it's a style of investing that can make money during both booms and busts. While recent economic carnage has created opportunities for vulture investors, more convoluted bankruptcies, conflicts of interest, and even government intervention have made this arena harder to negotiate. Nobody understands this better than author and founder of Schultze Asset Management, George Schultze. During his successful career as a vulture investor, he's learned a number of lessons and developed an investment philosophy that has served him well. Now, in The Art of Vulture Investing , Schultze shares his valuable insights and experiences with you. Engaging and informative, this reliable guide offers a bird's-eye view into the opportunities and risks associated with vulture investing. And while it may not always be pretty, you'll see exactly why this process is necessary for our economic ecosystem. Throughout the book, Schultze discusses what it takes to make it in the world of distressed securities. You'll discover how to research and pick the right companies in which to invest, swoop in on the "fulcrum security" of a failing company, wait patiently while others may panic, recognize when to get out of a losing position, and much more. Along the way, you'll also become familiar with the various investment options that reorganizations present at different stages of the process. And in order to put the concepts covered into a real-world context, Schultze recounts many of his own experiences, which include such high-profile bankruptcies as Tropicana Casinos and Chrysler Automotive. By its very nature, investing in distressed companies can be a complex and risky business. But once the dust settles, these investments can yield extraordinary profits. The Art of Vulture Investing puts this discipline in perspective and shows you how to excel at this difficult, yet rewarding, endeavor.
AmazonPagina's: 218, Editie: Eerste editie, Hardcover, Wiley
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