Stephen Moyer- Distressed debt analysis
I am trying to read the book on distressed debt but I occasionally find myself confused by his description of certain things like CDOs. Is there any background reading I need to do before reading this book?
I am trying to read the book on distressed debt but I occasionally find myself confused by his description of certain things like CDOs. Is there any background reading I need to do before reading this book?
+58 | Do you regret going into public markets investing? | 30 | 5h | |
+46 | Alta Fox - How did Connor Haley do it? | 24 | 1d | |
+37 | RIP Jim Simons | 28 | 13h | |
+23 | Advice ahead of a pair trade presentation - HF interview | 7 | 17h | |
+23 | Is Quasi-MNPI The Ultimate Alpha Generator For Public Equities? | 8 | 1d | |
+22 | Point 72 let go of seven long-short managers !! | 26 | 21h | |
+21 | Why are so many people here interested in Biotech? | 24 | 9m | |
+18 | UPenn SEAS vs Cornell Engineering | 8 | 4d | |
+17 | SM Career Trajectory | 5 | 6d | |
+16 | PMs: move across platforms, latest terms | 15 | 5d |
Career Resources
Lmao I was lost many times by that book as well, reminds me why I'm not a distressed credit analyst. A legal background is an advantage in these situations. The way I approached it was to worry less about the nuts and bolts of the debt instruments he discusses, and focus more on the overall business narratives and financial statements which I deal with
I feel and have heard from others that Moyer's DDA is one of those books that you have to read multiple times, where you learn new things each time. The first time I would recommend just reading slowly and looking up and try to understand what certain terms mean as you come across them - expect not to have 100% comprehension. And definitely jot down some notes if you're reading to prepare for an interview
It's definitely the type of book that you need to read more than once to grasp some of the harder concepts. But if you're really into it, would recommend taking notes / highlighting stuff so when you go back to re-read it you'll kind of know what to focus on. But like an above poster said, focus on the overall picture/concepts of the bankruptcy proceedings, different incentives for each party involved, etc...
Michael Gatto’s new book called “The Credit Investor’s Handbook” has a more recent (covers a lot of the aggressive issuer maneuvers from past few years that Moyer doesn’t) and rather more accessible overview of distressed debt investing. Moyer still great and far more depth - agree with poster above’s comment about reading multiple times - but the Gatto book might be a good place to start.
Voluptatem molestiae deserunt delectus. Quasi molestiae velit repellat minus necessitatibus totam consequatur. Tempore in aspernatur eveniet excepturi cumque est ducimus. Et eligendi in asperiores eveniet at laboriosam fuga consequuntur. Voluptatibus qui molestiae dolores iure.
Minus qui hic autem voluptates. Alias quia eos saepe dolores vel. Impedit quod totam fuga consequatur tempora vitae. Tenetur itaque autem sit minima consequatur aut. Ut eius et dicta amet sed quae. Assumenda omnis consequatur ut amet et omnis accusamus. Esse unde magni exercitationem rem.
Laborum delectus pariatur ut et repellendus dignissimos nisi. Non sed aut veritatis veritatis debitis consequatur impedit. Nemo ullam nostrum dolorem eos ratione quo aut reprehenderit. Nihil rerum sequi debitis corrupti dolores eveniet similique aut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...