Invest Like the Best with Patrick O'Shaughnessy cover image

Invest Like the Best with Patrick O'Shaughnessy

Justin Ishbia - Lessons from Acquiring 586 Companies - [Invest Like the Best, EP.357]

Dec 19, 2023
Justin Ishbia, Founding Partner of Shore Capital, discusses building a successful system in asset management, investing in the industrial sub-sectors of healthcare, the benefits of levered rollups, the importance of negotiation and trust-building, innovation stacking and expanding into real estate, and factors that drive demand in the buying environment.
01:13:21

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Shore Capital focuses on investing in microcap businesses within industry niches that have long-term growth potential.
  • Shore Capital places great emphasis on building a system-oriented firm.

Deep dives

Choosing industry niches for investment

Shore Capital focuses on investing in microcap businesses within industry niches that have long-term growth potential. They prefer industries where founders excel in their technical skills but may lack business expertise. By partnering with these founders, Shore Capital brings in their own business expertise and helps scale the businesses through consolidation and operational improvements. They prioritize industries where there is more demand than supply, aiming to become the supplier of choice. Through their thematic approach, they have achieved strong returns with an average gross cash-on-cash of 7x and an IRR of 72%.

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