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I agree with the author's assertion: if I can't distill my understanding of something well enough to explain it to a child, I probably don't really understand it (particularly, enough to stake decisions on it, such as trading and investment decisions). This is a central guiding principle for me as a law teacher, and I detest phony sophisticates who cannot be bothered to put in the work to use plain language and clear reasoning to explain complex things. Here, the author has done this extra work, and admirably puts this into practice. All that is needed in the reader/listener is a very basic understanding of corporate structure and finance. Some knowledge of recent corporate history is icing on the cake. (Some of these bits explain the motivations of financiers such as Carl Icahn, whose stories I had heard, but I've never heard it taken apart with this level of clarity.) That said, this is not a technically advanced text within this discipline (which would never work with an audiobook anyway; I have found complex equations are not a good fit), but its principles are crystal-clear and very valuable to me, on many levels.
I cannot agree with two amazon book reviewers who rated this one- and two-stars and wrote, "All the author did was tell stories about himself" and "More of a single persons [sic] experience in vulture investing". The personal history here is enormously supportive of the very clear principles being laid out, step by step and point for point.
If this title sounds interesting to you (and you are not already formally educated or professional in this sub-field), trust me, get this title. You will be richly rewarded. This is a great entry-point into this sub-field, but it clarifies thinking for any trader or investor along the way.
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