Scott Goodwin was a credit trader. Jonathan Lewinsohn’s expertise was in research. Together, they planned for years to start a hedge fund. Finally, in 2017, they did, and Diameter Capital Partners has become one of the most successful firms in the business. Here, in this special excerpt from their interview with Bloomberg’s Erik Schatzker, Goodwin and Lewinsohn detail the lessons they learned along the way, as well as the dos and don’ts for aspiring young hedge fund managers.