TMBA383: Brent Beshore and the 50 Year Private Equity Plan
Link: Tropical MBA
A Monte Carlo simulation is a great way to assess risk.
There are three sides to equity. One is control.
Treat people really, really well.
Do things the right way.
Do not get involved in companies that are filled with challenging people or challenging situations.
Give people grace when they screw up.
Look for signals that there is something sustainable (when looking at a company). Is there a moat there?
As a seller you need to understand who is buying the business.
Running a business is like being in a pressure cooker.
Synergies are talked about a lot but very rarely realized.