Tuesday, December 15, 2009

Book Suggestions

Everyone should own a copy of Distressed Debt Analysis: Strategies for Speculative Investors, which is not just the best distressed debt book but one of the best investing books of all time.

Another possibility is Think Twice: Harnessing the Power of Counterintuition, which I reviewed positively and which has been really popular with readers. I mentioned that it reminded me to ask the question "If we did not do this already, would we, knowing what we now know, go into it?"of my portfolio. The result was that I covered my losing peso short and sold more Georgia Gulf - a great trade.

I recommend NOT buying any overrated Jim Rogers books. I wish I could find a way to short Jim Rogers. Maybe selling gold would be the next best thing.


eh said...

Thanks for that. You also delve into the "capital structure" of companies you are interested in -- could you recommend a book (or books) that lays out the basics of that?

Also: What sources of info do you use to find out about these moves that companies that yield good opportunities? Debt swap offers, for example.

CP said...

By far the best is Distressed Debt Analysis: Strategies for Speculative Investors.

YOu can look at what bonds are trading at distressed prices and figure that eventually there will have to be some kind of exchange or restructuring.