Dead Companies Walking: How A Hedge Fund Manager Finds Opportunity in Unexpected Places

Scott Fearon, a hedge fund manager, makes the case that failure in business is far more common than most people admit, and that it is often a necessary part of progress rather than an ending. He looks at companies that have run into trouble and asks what those failures reveal. The book argues that paying attention to early warning signs of decline can open doors for investors and managers alike. It speaks to readers interested in finding value where others see only collapse, and in understanding why risk and recovery are so closely linked. The result is a look at how a professional investor thinks about setbacks, and why spotting them early can pay off.