Review
“…this is the best book that I have read since The Black Swan…do yourself a favor and pick up a copy; you’d be crazy not to.” (SeekingAlpha.com, June 11, 2009)
Praise for Distress Investing “Marty Whitman has distilled decades of distressed investing experience into a text that is a must-read for everyone interested in the field, whether a student or a professional investor.” -Wilbur L. Ross, Chairman and CEO, WL Ross & Co. LLC “Distress Investing: P…
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Fernando Diz and Martin Whitman’s Distress Investing is a practical tool to both beginner and experienced investors. Today’s worldwide economic downturn has created attractive investments for distressed investors which makes this book a timely release. Distress Investing guides the reader step by step from defining distressed debt to valuation. Understanding creditor’s rights and bankruptcy law allow distressed investors to capitalize on investments that are overlooked by individuals who are not knowledgeable of their securities’ rights. In addition, it offers insight into many of Martin Whitman’s strategies that he has employed during his long successful career of investment finance. Distress Investing is well written and provides excellent examples that make it an easy read. I would recommend this book to any individual looking to expand their knowledge base beyond equities.
I picked up this book because with the current economic crisis, it seems like anywhere I turn I am finding incredible deals. This book, however, focuses on distressed debt which is not specifically my specialty, but I definitely learned a lot from it.
The author discusses topics such as Chapter 11 reorganization, securities’ rights, and the workout process. Because these special situations add another complexity level to investing, there is not that much competition from institutional investors so the opportunities for above average returns are plentiful. I would recommend this book to serious investors.
– Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market
Martin Whitman’s experience and knowledge in distress investing is encapsulated in a timely and informative book. Whitman and Diz discuss relevant topics ranging from different types of risk to chapter 11 reorganization. Any serious value or distress investor will be privy to a wealth of knowledge relevant to analyzing and investing in distressed securities. Furthermore, the authors clearly and articulately explain the origins of the credit crisis and current opportunities present in a volatile and inefficient market.
As a student of Professor Diz and someone familiar with Mr. Whitman’s investment philosophy, I wholeheartedly recommend this book.