Michael E. Lewitt- Money Morning - Only the News You Can Profit From.
Michael E. Lewitt has managed billions for institutional and high-net-worth clients and created several of the world's top-ranked credit and hedge funds over a 29-year career. He is widely regarded as the No. 1 credit strategist working today.
Michael graduated from Brown University and was a PhD candidate at Yale before earning a JD and LLM in taxation from NYU Law School. He spent two years in the tax department of Simpson Thacher & Bartlett.
In 1987, he joined legendary investment banking firm Drexel Burnham Lambert. He served alongside Leon Black in NYC, then Michael Milken in Beverly Hills, working on billions of dollars of M&A and corporate finance transactions until the firm filed for bankruptcy in 1990.
He then co-founded Harch Capital Management (HCM) to manage the Milken family's money, as well as the Drexel Burnham Employee Partnerships, a multi-billion-dollar portfolio of private equity securities that came out of the 1980s LBO boom. Under his leadership, HCM built up a successful money management business. Michael's investment team managed $1.25 billion in CLOs, one of the top-ranked high-yield credit funds (as ranked by Nelson's), and a dedicated short fund. They produced strong risk-adjusted returns for clients like Omega Advisors, Investec Bank, Goldman Sachs, and multi-billion-dollar state pension funds LACERA and TRS.
But Michael Lewitt is perhaps best-known for his written market analysis and predictions.
The New York Times published his widely read editorial about the pending bailout of AIG in 2008. He was featured alongside Warren Buffett in the Financial Times and has contributed to Forbes, Barron's, The New Republic, El Mundo, and PBS NewsHour.
Michael's Credit Strategist newsletter has gained a large following around the world since 2001. It is read not only by the financial community but by the media and policy makers. (He was recognized by the Financial Times for correctly forecasting the 2001-2 credit market collapse and the 2008 financial crisis.) He is also the author of "The Death of Capital" (Wiley, 2010) and "The Committee to Destroy the World" (Wiley, 2016).
Today Michael is the editor of Sure Money. He also contributes to Money Morning as the Global Credit Strategist.
Michael'S LATEST HEADLINES
Global Markets 0 Monday, April 3, 2017How to Quit Being an Ignorant Investor
We're now officially through the first quarter, but I for one am not breathing a sigh of relief.
During Q1, the Dow Jones Industrial Average gained 4.6% to close at 20,663.22, its sixth straight quarterly gain. The S&P 500 jumped 5.5% to 2,362.72 and the Nasdaq Composite Index, powered by tech giants, climbed a robust 9.8% to 5,911.74, its best quarterly performance since 2013.
But this market isn't driven by individual stocks. Far from it.
Right now, most investors are following a painfully ignorant investing "strategy" that will leave them the most exposed and least hedged at the moment when stocks are most overvalued and vulnerable to a correction.Continue Reading...
Global Markets 0 Thursday, March 30, 2017Don't Fall for This Private Equity "Masquerade"
Global Markets 0 Tuesday, March 28, 2017These Three Sectors Are Getting Slammed as Washington Flounders
Global Markets 1 Wednesday, March 22, 2017How to Profit After the Worst Trading Day in 2017
Global Markets 0 Tuesday, March 21, 2017Rate Hike Briefing: Here's What Those 25 Points Mean for You
Global Markets 1 Thursday, March 16, 2017These 4 Plunging Stocks Have One Subtle "Code Word" in Common
Global Markets 1 Monday, February 27, 2017Here's What the Media Is Ignoring About TSLA'S Sketchy Earnings
Global Markets 0 Thursday, February 23, 2017The Death of Retail Is Taking a Big Bite Out of This Food Company
Global Markets 0 Wednesday, February 22, 2017TSLA Will Announce Earnings Today – Here's My Prediction
Global Markets 0 Friday, February 17, 2017Forget Supplements – This Vitamin Store Just Bit the Dust