Dead Companies Walking: How A Hedge Fund Manager Finds Opportunity in Unexpected Places
| Author | : | |
| Rating | : | 4.31 (858 Votes) |
| Asin | : | B00LKRBFQA |
| Format Type | : | |
| Number of Pages | : | 168 Pages |
| Publish Date | : | 2015-12-21 |
| Language | : | English |
DESCRIPTION:
Scott Fearon worked as a stock analyst and mutual fund manager before launching his own hedge fund, Crown Capital Management, in 1991. Since its inception, the fund has averaged an 11.4 percent annual return-significantly higher than the benchmark S&P 500 index over the same time period. He lives in Marin County, California. . He is a contributor to Yahoo! Finance, CNBC, and Seeking Alpha and blogs at scottfearon
The final takeaway of this spirited book is that “learning to love failure all over again” can help America recover the adventurous spirit that Fearon believes our economy needs.” Publishers Weekly“Scott Fearon’s Dead Companies Walking is chock full of wisdomnot just about investing but about the way to read between the lines about just about anything in life. Anyone who has ever bought a stock or managed a business, big or small, will devour this book.” J. Every business, young or old, needs to avoid the
Fearon has interviewed thousands of executives across America, 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. He has earned millions of dollars for his hedge fund over the last thirty years shorting the stocks of businesses he believed were on their way to bankruptcy. Unlike most investors, who live in fear of failure, Scott Fearon actively seeks it out. 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. Here, he explores recent examples like JC Penney, Herbalife a
Definitely worthwhile Christopher Mayer Republished from the February issue of my newsletter Mayer's Special Situations:“Failure is one business trend that never goes out of style.” — Scott FearonScott Fearon is an investor who built the foundation of his success on the bedrock of failure. “Things go wrong more often than they go right,” he writes. He calls this insight “the single most important lesson about business and life.”On the plane rides to and from Switzerland, I read his book Dead Companies Walking: How a Hedge Fund Manager Finds Opportunity in Unexpected Places. It is a fun read as he takes you through how . Loved it Before reading this book I had very little knowledge of short selling and failing companies. This book took me inside the business analyst meetings and thought process of a short selling fund manager. I really enjoyed this book because it was easy to read, I first starting reading a few chapters a day and then decided to read the entire 2/3 rest of the book as soon as I could because I loved the insight it was giving me. The book was bought as an education venture to strengthen my knowledge of different stock market opportunities and unlike many other stock market books it spoke to me in a less mathematical way than othe. stockbee said Book is easy to read but does not have much meat. Book is easy to read but does not have much meat. There are no details of steps or how, just case studies told as stories. Those case studies are also not detailed , just few anecdotes. Neither is it practical for average investor to visit companies and talk to management.The basic idea in the book is to find companies likely to go bankrupt because of fashion , fraud or business failure. While the concept is well known to short sellers, this book adds no substance to it in terms of actual process or steps used to identify those opportunities.