Paul Yancich & Daniel Eisen - Taking Inspiration From Constellation and Leveraging a Long Time Horizon - Ep.84
Think Like an Owner
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How Much Do Transaction Costs Affect Your Returns?
In the nescent world, it's not a common approach. Most folks raise capital, wont a see a big payday in three or five years with a carried interest check. And at leads to transaction feesd you find these great businesses that you're forth to sell. Because of that, the returns that you would have generated over 20 years holding that business ore far in excess of what you generate selling it in three years and seeing some one else arcru tas returns. One other interesting element to riff off that dane is thits like transaction costs idea,. Its like a foregone learning curve, scaling cost, if that makes any sense.
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