#1188 Brent Beshore | Millionaire Shares Secret To Buying Businesses
The Pomp Podcast
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How to Reinvest in Your Business
The Koch brothers said they would reinvest at least 90% of profits every single year. That's a very strict kind of mathematical formula that came up with, so how do you guys think about reinvesting? We're incredibly long-term and we typically don't use debt in our transactions. So all the free cash flow is truly free, meaning we can do whatever we want with it. I mean, owning an aerospace business as an example in COVID. Aerospace doesn't go down as an industry. It just never goes down. And when you buy an aerospace business in 2019, which is what we did, for an industry that never goes down,. The industry's down 85, 90%,
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