Updates

  1. Person pages list letters, writing, profiles and links as sortable tables with filters, and show each person's companies as links; Fund letters show each letter's description in its own column.
  2. Experts show a checked job title and a short description of each person; 30 more people have photographs.
  3. Every company, fund, university and publication the experts work for has a page listing the people there.
  4. Fund letters show each letter's thesis and filter by it; 225 person pages list the essays, columns and newsletter issues the person wrote.
  5. Person pages list every essay and newsletter issue a person wrote, and their own books as a table in List view.
  6. Recommends shows the five largest kinds of book and the rest under More; browse pictures load sooner.
  7. Podcasts and talks link the original episode, filter by Audio and video or Press, and list each publisher once.
  8. Pages are wider, Recommends has List and Grid, and a filter clicked again turns off.
  9. Book cards sit in a ruled grid with Open Library and Goodreads links and each book's one-line note.
  10. Funds is now Investors; each investor's styles are buttons that filter the table.
  11. Podcasts and talks on a person's page filter by year and publisher and show as a list or a grid of pictures.
  12. Quotes show only people's own words: 472 summaries written by list sites are gone.
  13. Country pages open from Browse again, and every link on the shelf lands on a page.
  14. Subject and person pages show their sections as tabs, and each book appears once on a person's page.
  15. Book cards show the quote, who said it and the source; grids show five cards to a row.
  16. On a phone, a menu holds the sections, search, Updates, Feedback and dark mode.
  17. Feedback takes a screenshot of the page with no browser prompt, opens a screenshot full size when you click it, and clears itself once sent.
  18. Book cards are centred, search names the topic each book sits in, and any text cut short shows whole on hover.
  19. Search groups its results by kind: people, companies, geographies, subjects, topics, books, funds, fund letters and papers.
  20. The Books table lists who recommended each book by name, and the browser tab names the section you are in.
  21. Feedback can take a screenshot of the page, or one you paste or choose, and opens in the corner beside Updates.
  22. Each rail button reopens its section where you left it, and Browse, Table and People show on every book and subject page.
  23. Filters grey out choices that hold nothing instead of hiding them, and Books › People filters by authors or recommenders.
  24. Feedback takes a subject line and up to three screenshots.
  25. Biographies are grouped by the person they are about: 41 new pages, from Abraham Lincoln to Lee Kuan Yew.
  26. Sport splits into 23 sports, and Religion into one topic per faith.
  27. Book lists show as cards: the cover, one recommendation quote and every recommender by name.
  28. Seventeen subjects that had two or three pages under different names now have one page each.
  29. Every page lists its Experts as authors and recommenders, with a link to them on the Experts tab.
  30. Economics, Financial history, Financial panics and Accounting are subjects of their own, with one page per financial crisis.
  31. Book, person and subject pages open inside the app, so the tabs stay in view.
  32. 996 more book covers, and photographs or logos for 227 more people and companies.
  33. Books › Browse shows every subject as cards, and the rail holds Fund letters, Papers, Experts, Books and Funds.
  34. Every topic over 150 books splits into narrower topics, each with a page of its own.

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Credit and distressed debt

Assets

Distressed investing is where credit analysis meets bankruptcy law; the literature pairs technical manuals with the narrative history of the junk bond era.

Books 16Experts 4Recommenders 7

Start here

  1. The Most Important ThingHoward Marks, 2011
  2. The Predators' BallConnie Bruck, 1988
  3. The Vulture InvestorsHilary Rosenberg, 1992
  4. Distressed Debt AnalysisStephen G. Moyer, 2004
The Predators' BallThe Predators' Ball
T1 The Predators' Ball
Connie Bruck · 1988
Open LibraryGoodreads

How Milken's Drexel junk-bond desk financed the 1980s buyouts and hostile takeovers.

Recommended by: Mohnish Pabrai

Den of ThievesDen of Thieves
T1 Den of Thieves
James B. Stewart · 1991
Open LibraryGoodreads

The 1980s insider-trading cases of Boesky, Levine, Siegel and Milken.

Recommended by: Mohnish Pabrai

The Most Important ThingThe Most Important Thing
T1 The Most Important Thing
Howard Marks · 2011
Open LibraryGoodreads

Second-level thinking, risk and market cycles, drawn from Oaktree's client memos.

Recommended by: Matt Mullenweg, Mohnish Pabrai, Nat Eliason and 3 others

The Vulture InvestorsThe Vulture Investors
T2 The Vulture Investors
Hilary Rosenberg · 1992
Open LibraryGoodreads

The investors who bought the bonds of failing companies after the buyout era.

Recommended by: Mohnish Pabrai

Corporate Financial Distress and BankruptcyCorporate Financial Distress and Bankruptcy
T2 Corporate Financial Distress and Bankruptcy
Edward I. Altman, Edith Hotchkiss · 1993
Open LibraryGoodreads

Predicting corporate failure with models like the Z-score, and how bankruptcy works.

Distressed Debt AnalysisDistressed Debt Analysis
T2 Distressed Debt Analysis
Stephen G. Moyer · 2004
Open LibraryGoodreads

How to analyse and invest in troubled companies' debt: law, valuation and tactics.

Mastering the Market CycleMastering the Market Cycle
T2 Mastering the Market Cycle
Howard Marks · 2018
Open LibraryGoodreads

Cycles can't be timed, but knowing where you stand in one lets you adjust risk.

Recommended by: Nat Eliason, Michael Bloomberg

Junk BondsJunk Bonds
T3 Junk Bonds
Glenn Yago · 1990
Open LibraryGoodreads

The revisionist defence of high yield as a financing innovation.

Creating Value Through Corporate RestructuriCreating Value Through Corporate Restructuring
T3 Creating Value Through Corporate Restructuring
Stuart C. Gilson · 2001
Open LibraryGoodreads

Harvard case studies in bankruptcy and workout situations.

Distress InvestingDistress Investing
T3 Distress Investing
Martin J. Whitman, Fernando Diz · 2009
Open LibraryGoodreads

Subtitled Principles and Technique.

Recommended by: Mohnish Pabrai

The Caesars Palace Coup
T3 The Caesars Palace Coup
Sujeet Indap, Max Frumes · 2021
Open LibraryGoodreads

Modern creditor-on-creditor warfare told as narrative.

Investing in Junk Bonds: Inside the High YieInvesting in Junk Bonds: Inside the High Yield Debt Market
T4 Investing in Junk Bonds: Inside the High Yield Debt Market
Edward I.Altman, Scott A.Nammacher · 1987
Open LibraryGoodreads

Recommended by: Mohnish Pabrai

Distressed Securities: Analyzing and EvaluatDistressed Securities: Analyzing and Evaluating Market Potential and Investment Risk
T4 Distressed Securities: Analyzing and Evaluating Market Potential and Investment Risk
Edward I. Altman · 1991
Open LibraryGoodreads

The distressed debt market after the buyout era, and how to analyse its securities.

Recommended by: Mohnish Pabrai

Bankruptcy Investing: How to Profit from DisBankruptcy Investing: How to Profit from Distressed Companies
T4 Bankruptcy Investing: How to Profit from Distressed Companies
Ben Branch, Hugh Ray · 1992
Open LibraryGoodreads

Recommended by: Mohnish Pabrai

Corporate Bankruptcy: Economic and Legal PerCorporate Bankruptcy: Economic and Legal Perspectives
T4 Corporate Bankruptcy: Economic and Legal Perspectives
Jagdeep S. Bhandari, Lawrence A. Weiss · 1996
Open LibraryGoodreads

Recommended by: Mohnish Pabrai

High Yield Bonds: Market Structure, PortfoliHigh Yield Bonds: Market Structure, Portfolio Management, and Credit Risk Modeling
T4 High Yield Bonds: Market Structure, Portfolio Management, and Credit Risk Modeling
Theodore M. Barnhill · 1999
Open LibraryGoodreads

Recommended by: Mohnish Pabrai

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