Josh Friedman
12 statements across 1 episodes · 6 bullish · 4 bearish · 1 people on the record · first statement Jul 25, 2022 by Josh Friedman · said 2 times in 2 episodes since 2022 · across every show →
On the record as a speaker too: Josh Friedman's record, appearances and statements → this page counts the times other people say the name.
Mentions by year
brought up most by Ted Seides (1), John Barber (1)
tap a year for its mentions
2024 1 mention in 1 episode
Everything said about Josh Friedman, oldest first
Jul 25, 2022 negative
Jul 25, 2022 positive
Jul 25, 2022 neutral
Josh Friedman: Bankruptcy restructurings reliably trigger aggressive, desperate behavior among participants
“There's usually a reason why a bankruptcy occurred, and someone's going to win and someone's going to lose, and you can expect a certain amount of caged animal behavior from the participants.”
Jul 25, 2022 positive
Friedman: Institutional boards should provide governance, not act as investment committees
“I tend to prefer boards that work as boards as opposed to boards that work as investment committees. If you have a great team of people and they do their work, there are parameters so that the board or the, quote, investment committee is informed, they rarely …”
Jul 25, 2022 positive
Jul 25, 2022 negative
Friedman: Institutional allocators copy foolish market trends due to peer benchmarking
“Sometimes they get a little too caught up in the competition of what everyone else is doing because they all get benchmarked and paid based on how everybody else is doing in the industry. So if everybody's doing goofy things, they might just do the same goofy …”
Jul 25, 2022 negative
Friedman: Intra-tier creditor conflict is unethical compared to inter-tier disputes
“They don't rank high on the ethics scale, in my view, and some of that creditor on creditor violence that you get, particularly if it's from people who are in the same asset class as you. It's one thing to fight against people who they own the subordinated, yo…”
Jul 25, 2022 positive
Friedman: Drexel Under Milken Taught How to Buy Businesses Without Capital
“I worked in the magical world of Mike Milken in 1984 to 1990, which was just an unbelievable place. It was a great place to learn how to buy a business if you didn't have any money, because we were financing people buying businesses who didn't have that much m…”
Jul 25, 2022 bearish
Jul 25, 2022 neutral
Friedman: Corporate distress is delayed by low coupons and cov-lite debt
“I would expect there will be some distress, but I think it's going to take a little while before that develops because a lot of the paper that's been issued doesn't have covenants or has very, very light covenants, and coupons are really low.”
Jul 25, 2022 positive
Friedman: Distressed investing is value creation rather than a zero-sum game
“I don't necessarily see it as a zero sum game at all. I look at it as us and our colleagues against the house, if you want to think of it that way. And sometimes there's an equity holder who's trying to steal stuff that should belong to the creditors at this p…”
Jul 25, 2022 positive
Friedman: New CIOs must accept high early turnover to reshape their teams
“The first thing they need to do is create their own organization in their own image so they can achieve what their goals are. They were hired to achieve their goals. They weren't hired to work with a team that's already doing everything that needs to be done. …”