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

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

Scott Fearon, Jesse Powell


Unlike so much traders, who dwell in worry of failure, Scott Fearon actively seeks it out. He has earned thousands of greenbacks for his hedge fund over the past thirty years shorting the shares of companies he believed have been on their approach to financial disaster. In Dead businesses Walking, Fearon describes his tools for recognizing those doomed companies, and the way they are often super ecocnomic investments. In his event, company managers mostly devote six universal errors that may derail even the main promising businesses: they study from merely the new previous; they depend too seriously on a formulation for achievement; they misunderstand their objective consumers; they fall sufferer to the mystical storytelling of a mania; they fail to conform to tectonic shifts of their undefined; and they're bodily or emotionally faraway from their businesses' operations.

Fearon has interviewed hundreds of thousands of executives throughout the USA, lots of whom, unknowingly, have been headed towards financial ruin – from the Texas oil barons of the 80s to the tech wunderkinds of the past due 90s to the flush actual property builders of the mid-2000s. right here, he explores fresh examples like JC Penney, Herbalife and Blockbuster leisure to assist traders higher are expecting the subsequent booms and busts―and pop out on top.

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