num_pages: 256
description: 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 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 bustsand come out on top.
language: English
title: Dead Companies Walking: How A Hedge Fund Manager Finds Opportunity in Unexpected Places
publisher: St. Martin's Press