At The Deal/TMA's Distressed Investing Conference 2008, members of the keynote panel discussed both the strategy and psychology of investing in the aftermath of the subprime meltdown. The participants agreed that things were moving fast, but also said that perhaps the best opportunities had not yet surfaced.
Continue reading below
"I think in some sectors were not only coming off the highs; we may be approaching the lows. This is a marketplace that has made incredible corrections in short amounts of time. Every thing seems to be compressed," said David Matlin of MatlinPatterson Global Advisers LLC.
"How much brain damage do we want to take on in order to make a buck here," he continued. "Do we want to tackle bad companies, with a bad balance sheets, and bad management at this part of the cycle ... or do we want to wait a little longer for good companies with bad balance sheets to trek down the road, which I think is going to happen probably in nine months to a year."
Watch the video for more of their insights. - George White
See Dealscape post on full panel
See more content from Distressed Investing conference 2008
