In The Trenches An Investing Masterclass with Brent Beshore
Nov 7, 2024
Brent Beshore, the Founder and CEO of Permanent Equity, returns for another engaging discussion. He delves into how personal philosophies shape investment decisions, bridging emotional dynamics with financial strategies. Brent emphasizes the evolution of investment inquiry and the importance of vulnerability in leadership. He examines how organizational culture affects team dynamics and offers insights on building resilient relationships. Expect a thought-provoking look at balancing risk with opportunity while navigating the complexities of identity in the investment world.
AI Snips
Chapters
Transcript
Episode notes
Key Factors vs. Details
- Focus on the 3-5 key controlling factors of a business.
- If these factors are sound, other issues are less critical for a successful investment.
Nuance over Industry
Industry and business models matter, but nuanced analysis is key. Look for high margins and quick payment times, indicating non-commodity businesses, even in seemingly unattractive industries.
Buffett's Due Diligence
During a dinner with Warren Buffett, Brent pestered him with due diligence questions. Buffett responded, "Price is my due diligence," emphasizing price as a proxy for tolerable risk.