Lewinsohn: Outside recessions, most distressed companies are fundamentally bad businesses
Jonathan Lewinsohn · Jonathan Lewinsohn – Diameter Capital Partners (Manager Meetings, EP.05) · Aug 5, 2021 · at 26:14
Jonathan Lewinsohn, Co-Founder of Diameter Capital Partners, outlines why investing in idiosyncratic distressed debt during economic expansions is structurally disadvantageous.
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“And we think that most companies that end up in distress outside of recessions are bad businesses. And generally investing in bad businesses is not a good business for you.”
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