Dead Companies Walking

Informationen zum Autor Scott Fearon with Jesse Powell Klappentext Unlike most investors, who live in fear of failure, Scott Fearon actively seeks it out. He has earned millions of dollars for his hedge fund over the last thirty years shorting the stocks of businesses he believed were on their way to bankruptcy. In Dead Companies Walking , Fearon describes his methods for spotting these doomed businesses, and how they can be extremely profitable investments. In his experience, corporate managers routinely commit six common mistakes that can derail even the most promising companies: they learn from only the recent past; they rely too heavily on a formula for success; they misunderstand their target customers; they fall victim to the magical storytelling of a mania; they fail to adapt to tectonic shifts in their industry; and they are physically or emotionally removed from their companies' operations. Fearon has interviewed thousands of executives across America, many of whom, unknowingly, were headed toward bankruptcy - from the Texas oil barons of the 80s to the tech wunderkinds of the late 90s to the flush real estate developers of the mid-2000s. Here, he explores recent examples like JC Penney, Herbalife and Blockbuster Entertainment to help investors better predict the next booms and busts-and come out on top. Zusammenfassung Hedge fund manager Scott Fearon explains why failure in business is not only common, but necessary-and how spotting it early can pay off Inhaltsverzeichnis Table of Contents Introduction Forged in Failure Chapter One Historical Myopia Chapter Two The Fallacy of Formulas Chapter Three A Minor Oversight: Your Customers Chapter Four Madness and Manias Chapter Five Deckchairs on a Sinking Ship Chapter Six The Buck Stops ... There Chapter Seven Short-to-Long: Rescuing Failing Companies Chapter Eight Losing Money Without Even Trying: Welcome to Wall Street Conclusion Learning to Love Failure All Over Again Acknowledgements Endnotes ...

Auteur

Scott Fearon with Jesse Powell

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Unlike most investors, who live in fear of failure, Scott Fearon actively seeks it out. He has earned millions of dollars for his hedge fund over the last thirty years shorting the stocks of businesses he believed were on their way to bankruptcy. In Dead Companies Walking, Fearon describes his methods for spotting these doomed businesses, and how they can be extremely profitable investments. In his experience, corporate managers routinely commit six common mistakes that can derail even the most promising companies: they learn from only the recent past; they rely too heavily on a formula for success; they misunderstand their target customers; they fall victim to the magical storytelling of a mania; they fail to adapt to tectonic shifts in their industry; and they are physically or emotionally removed from their companies' operations.

Fearon has interviewed thousands of executives across America, many of whom, unknowingly, were headed toward bankruptcy - from the Texas oil barons of the 80s to the tech wunderkinds of the late 90s to the flush real estate developers of the mid-2000s. Here, he explores recent examples like JC Penney, Herbalife and Blockbuster Entertainment to help investors better predict the next booms and busts-and come out on top.

Résumé
Hedge fund manager Scott Fearon explains why failure in business is not only common, but necessary-and how spotting it early can pay off

Contenu

Table of Contents

Introduction
Forged in Failure

Chapter One
Historical Myopia

Chapter Two
The Fallacy of Formulas

Chapter Three
A Minor Oversight: Your Customers

Chapter Four
Madness and Manias

Chapter Five
Deckchairs on a Sinking Ship

Chapter Six
The Buck Stops ... There

Chapter Seven
Short-to-Long: Rescuing Failing Companies

Chapter Eight
Losing Money Without Even Trying: Welcome to Wall Street

Conclusion
Learning to Love Failure All Over Again

Acknowledgements
Endnotes