eBook - ePub
Dead Companies Walking
How a Hedge Fund Manager Finds Opportunity in Unexpected Places
- 254 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
eBook - ePub
Dead Companies Walking
How a Hedge Fund Manager Finds Opportunity in Unexpected Places
About this book
A hedge fund manager reveals how to spot a business on the verge of collapseāand how to profit from itāin this "surprisingly entertaining" guide (
Publishers Weekly).
Unlike most investors, who live in fear of failure, Scott Fearon actively seeks it out. He has earned millions of dollars for his hedge fund by shorting the stocks of businesses he believed were on their way to bankruptcy. In Dead Companies Walking, Fearon describes his methods for spotting these doomed businesses, and how they can be extremely profitable investments.
In his experience, corporate managers routinely commit six common mistakes that can derail even the most promising companies: they learn from only the recent past; they rely too heavily on a formula for success; they misunderstand their target customers; they fall victim to the magical storytelling of a mania; they fail to adapt to tectonic shifts in their industry; and they are physically or emotionally removed from their companies' operations.
Fearon has interviewed thousands of executives across America, many of whom, unknowingly, were headed toward bankruptcyāfrom the Texas oil barons of the 80s to the tech wunderkinds of the late 90s to the flush real estate developers of the mid-2000s. Here, he explores recent examples like JC Penney, Herbalife, and Blockbuster Entertainment to help investors better predict the next booms and bustsāand come out on top.
Unlike most investors, who live in fear of failure, Scott Fearon actively seeks it out. He has earned millions of dollars for his hedge fund by shorting the stocks of businesses he believed were on their way to bankruptcy. In Dead Companies Walking, Fearon describes his methods for spotting these doomed businesses, and how they can be extremely profitable investments.
In his experience, corporate managers routinely commit six common mistakes that can derail even the most promising companies: they learn from only the recent past; they rely too heavily on a formula for success; they misunderstand their target customers; they fall victim to the magical storytelling of a mania; they fail to adapt to tectonic shifts in their industry; and they are physically or emotionally removed from their companies' operations.
Fearon has interviewed thousands of executives across America, many of whom, unknowingly, were headed toward bankruptcyāfrom the Texas oil barons of the 80s to the tech wunderkinds of the late 90s to the flush real estate developers of the mid-2000s. Here, he explores recent examples like JC Penney, Herbalife, and Blockbuster Entertainment to help investors better predict the next booms and bustsāand come out on top.
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Please note we cannot support devices running on iOS 13 and Android 7 or earlier. Learn more about using the app.
Yes, you can access Dead Companies Walking by Scott Fearon,Jesse Powell in PDF and/or ePUB format, as well as other popular books in Business & Business Biographies. We have over one million books available in our catalogue for you to explore.
Information
Table of contents
- Cover
- Title Page
- Copyright Notice
- Dedication
- Contents
- Introduction: Forged in Failure
- One: Historical Myopia
- Two: The Fallacy of Formulas
- Three: A Minor Oversight: Your Customers
- Four: Madness and Manias
- Five: Deck Chairs on a Sinking Ship
- Six: The Buck Stops . . . There
- Seven: Short to Long: Rescuing Failing Companies
- Eight: Losing Money without Even Trying: Welcome to Wall Street
- Conclusion: Learning to Love Failure All Over Again
- Acknowledgments
- Index
- About the Author
- Copyright