How To Turn $100K into $4,000,000 with Distressed Investing

Shaan Puri and Sam interview Tommy, a distressed investing expert, to understand the world of buying distressed assets, particularly in crypto. Tommy explains his approach, emphasizing the importance of finding both "stake" (known value) and "sizzle" (upside potential), using examples like FTX and Mt. Gox. He shares his journey into crypto distress investing, influenced by his background in bankruptcy law and admiration for value investors like Warren Buffett. The conversation covers the challenges and opportunities in this niche, including the work involved in finding and verifying claims, the emotional toll of dealing with distressed individuals, and the importance of reputation. Tommy also addresses a past receivership case he was involved in, sharing his perspective on the events and settlement. The discussion concludes with Tommy's recommendations for books and resources for those interested in learning more about distressed investing.