TIP381: High Yield Masterclass w/ David Sherman

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 24 September 2021

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On today’s episode, 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:

(21:33) Short and low duration investing.
(24:25) Responsible credit strategies.
(37:02) How SPACs create an interesting asymmetric risk/reward profile.
And a whole lot more.

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES:

Spac Informer's website.
CrossingBridge's website.
Trey Lockerbie's Twitter.
Preston, Trey & Stig’s tool for picking stock winners and managing our portfolios: TIP Finance Tool.
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Transcript

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0:00.0	You're listening to TI-P.
0:03.0	On today's episode, I sit down with David Sherman.
0:06.0	David is the founder, president, and portfolio manager of Crossing Bridge advisors, which
0:11.2	currently has over $2.3 billion in assets under management.
0:15.3	I brought David on to do a masterclass on investing in high-yield corporate debt.
0:19.9	It's such an interesting asset class that doesn't get a lot of attention in my opinion.
0:23.2	In this episode, we also cover short and long duration investing, responsible credit strategies,
0:29.0	how SPACs create an interesting asymmetric risk reward profile, and a whole lot more.
0:34.9	David is so enjoyable to talk to and he lays out his strategies in a very clear and concise
0:39.4	manner.
0:40.4	So without further ado, please enjoy this masterclass on high-yield debt with David Sherman.
0:46.4	You are listening to THE Investors Podcast.
0:52.5	Where we study the financial markets and read the books that influence self-made billionaires
0:56.9	the most.
0:57.9	We keep you informed and prepared for the unexpected.
1:10.0	Welcome to THE Investors Podcast.
1:11.8	I'm your host, Tray Lockerby, and today we have David Sherman.
1:16.0	Welcome to the show, David.
1:17.4	Thank you, Tray.
1:18.8	Really excited to have you on, David, because you've had a long career primarily investing
1:23.0	in high-yield corporate debt, which is something we've really never talked about on this show.
1:28.4	We just had Howard Marx on the show.
	...

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