A Conversation with Marc Lasry on Distressed Investing
What is distressed investing, and how does it work as a financial strategy? On this episode Yieldstreet President, CIO & Co-Founder Michael Weisz is joined by Marc Lasry, CEO & Co-Founder of Avenue Capital Group and co-owner of the NBA Milwaukee Bucks, for a discussion on distressed investing and where opportunities for distressed investing may exist.Click here to subscribe and listen: https://podcasts.apple.com/us/podcast/the-yield/id1527659260Key Takeaways:[1:52] An introduction of Marc Lasry, some of his favorite global investment opportunities and his role at Avenue Capital Group. [4:58] What is distressed investing and why is it so exciting in today’s market? [9:07] Examples of recent high yield distressed investing opportunities. [14:02] Understanding the definition of distressed investing in layman’s terms. [16:32] Potential outcomes of distressed investing from a risk perspective and how global reach drives value. [21:02] Marc reveals the source of his fascination with Superman and how it helped drive his success. [22:44] Insights into where to focus in this market and what distressed investing might look like as we emerge from the pandemic. [29:23] The importance of global reach and domain experience in distressed market investing. [33:34] Transitioning from practicing law into the investment business. [35:05] Lessons learned from unsuccessful deals and the differences between perceived and real risk. [40:39] Getting started — advice for an individual investor regarding startup capital.[41:52] The connection between rebounds in the Milwaukee Bucks and in distressed investing. Mentioned in This Episode:Yieldstreet