Invest Like the Best with Patrick O'Shaughnessy Brent Beshore Returns – Private Equity, Venture Capital, and the Future of Money Management - [Invest Like the Best, EP.22]
31 snips
Jan 31, 2017 AI Snips
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Private Company Market Size
- The private company market is vast, with 500,000-800,000 investable entities.
- Many are small, but some generate substantial revenue and have transferable assets.
Initial Diligence Focus
- When evaluating a business, disregard founder projections and industry research.
- Focus on historical data, transferable assets, and unique business models.
Moats in Small Businesses
- Most small businesses' "moat" is the founder, making it non-transferable.
- True moats are rare and often stumbled upon, not intentionally created.