6min chapter

My First Million cover image

#105 with Avlok Kohli and Xavier Helgesen - Leading AngelList Ventures and Buying Businesses Like Berkshire Hathaway

My First Million

CHAPTER

Is There a Bubble in the Public Equity Mark?

Osefogam curous: Businesses that have a both, if you arn, if your plan is to buy and hold, right? Like yo nou need both. It's very hard to solve durability problems. The main value is actually created by ah because the public markets are so overpriced,. So they are priced at about 20 times erens - i'm yielding 5%. Where is a small business all be acquired from? Maybe four times earnings. And maybe a middle market business for like, eight times Earnings. On eight times earnings, i'm earning 12 % on every dollar of equity. Osefogem curous: But this ship has sailed

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