Brian Higgins, co-founder and managing director at King Street Capital, joins Real Vision CEO and co-founder Raoul Pal to discuss high yield investments in distressed companies and the future of the industry with respect to increased central bank intervention. Higgins explains the classical view of distressed investing, which focuses on looking for good businesses with bad balance sheets that possess high yield debt. Distressed investing requires a unique skillset and understanding of legal and restructuring frameworks as well as the bankruptcy process. Pal and Higgins consider the need for a macro lens that complements micro analysis in order to take advantage of opportunities that arise. Filmed on July 19, 2021.