High Yield Corporate Debt w/ David Sherman (TIP381)

Trey Lockerbie sits down with David Sherman. David is the founder, president, and portfolio manager of CrossingBridge Advisors, which currently has over $2.3B in AUM. Trey brought David on to do a masterclass on investing in high yield corporate debt. It’s such an interesting asset class that doesn’t get a lot of attention.
IN THIS EPISODE, YOU'LL LEARN:
00:00:00 - Intro
00:00:31 - What Motivated David Sherman To Specialize In High Yield Corporate Debt?
00:11:24 - Basics of Corporate Debt And How It Is Priced
00:19:34 - 10-Year Bond
00:22:44 - Short And Low Duration Investing
00:25:59 - Responsible Credit Strategy
00:33:00 - MicroStrategy
00:37:37 - Minimum Qualification To Purchase Holdings Like MicroStrategy
00:42:22 - How SPACs Create An Interesting Asymmetric Risk/Reward Profile
00:50:50 - SPAC ETF
00:59:50 - Valuating SPACs
01:04:03 - Expense Ratio of SPAC ETF
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[@TheInvestorsPodcastNetwork]

Hey guys, what are your key takeaways from this episode?
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[@Richard_Martin]

This is the same thing they said when they bundled subprime

[@nichole2757]

Great observation. It’s likely that the bloated debt burdens of zombie corporations will have the same impact on the market as subprime did

[@aaronskuse8058]

Kinna like at the races just betting on which horse will finish last.

[@MegaHugro]

In truth, High Risk Paper for your Hard Earned Dollar.