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Dead Companies Walking: How A Hedge Fund Manager Finds Opportunity in Unexpected Places

Amazon.com Price:  $10.73 (as of 12/05/2019 18:16 PST- Details)

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Description

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 during the last thirty years 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 may be able to be extremely profitable investments. In his experience, corporate managers mechanically commit six common mistakes that may derail even probably the most promising companies: they learn from only the up to date 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’re physically or emotionally got rid of from their companies’ operations.

Fearon has interviewed thousands of executives across The united states, many of whom, unknowingly, were headed toward bankruptcy – from 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 up to date examples like JC Penney, Herbalife and Blockbuster Entertainment to assist investors better predict the next booms and busts―and come out on top.

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