Intro

This chapter explores capital allocation in private markets through the lens of an empathetic leader who emphasizes long-term vision in acquiring small to midsize companies. It shares key insights on management styles, autonomy, and valuable lessons from notable business figures, blending personal narrative with practical investment advice.

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Episode notes

Trey Lockerbie explores capital allocation in private markets with the CEO of Permanent Equity, Brent Beshore. Brent started out as an entrepreneur and through his own M&A strategies has now found himself purchasing small to midsize companies with the intention of holding forever. Brent is an empathetic leader whose style is a great reminder that a simple approach, although not easy, is most often the best approach.

IN THIS EPISODE, YOU’LL LEARN:

09:23 - Key lessons in approaching acquisitions.
12:27 - What Brent has learned from breaking bread with the likes of Warren Buffett and Charlie Munger.
45:11 - Managing styles and the importance of autonomy.
47:33 - Learnings from the private market that translate to the public markets.
And a whole lot more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Permanent Equity's Website.
Brent Beshore's Twitter.
Howard Marks' Memos.
Howard Marks’ book The Most Important Thing.
Buffett’s Letters.
Google.
Trey Lockerbie's Twitter.

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