Permanent Equity has published our 2022 Annual Letter. This conversation with Brent Beshore, Tim Hanson, & Mark Brooks dives deeper into some of the themes and topics explored in the letter: Lessons learned from 15 years of buying and operating small businesses.
Read the full letter here: https://www.permanentequity.com/letters
Contents:
0:00 Intro
1:25 Do We Feel Adequately Click-Baited?
2:40 Getting Older, Getting Better?
3:32 Biggest Challenges & Crying At Work
6:48 Summarizing 2022 In One Word
9:00 Wisdom Is Learning How Not to Do Something
11:09 How NOT to Buy A Company
14:10 How NOT to Be A Leader
15:50 What Are We Baking?
19:42 Sharing Our Returns
21:27 Investing in Crypto
22:54 Conservatism Vs Volatility
24:13 "Private Equity Makes Me Cringe"
26:11 Mid-Life Crisis?
28:04 Restructuring the Firm, New CIO
30:12 New CFO
32:12 New COO
33:16 Challenges in 2023
34:41 What Will You Write in the Annual Letter in 15 Years?
37:07 Send This to Someone
37:25 New Series Coming
