Review: Great Information
Rating: 5 out of 5
Date: 06 29, 2014
Credit Default Swaps by author Justin Adams take the reader into the practice of investing in CDS.  Basically speaking, default swaps are instruments that bet upon credit events of companies.  Adams uses the analogy of buying insurance whereby the investor pays a premium and either profits or loses based upon a given company's avoiding adverse credit events, such as bankruptcy, failure to pay or restructuring.  Any of these events trigger the investor's payment.  All in all, It was a great book that explained a lot to the novice investor.