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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.
Key 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 expertise in the 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.
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Published:
05/25/2021
The Yield
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