Buyers and Builders A $25 million LOI with a Ferrari 488
Jan 19, 2026
Dive into the world of special situations and overlooked businesses. Discover how understanding human incentives can lead to the best investment opportunities. Learn about ghost ship companies that VCs misinterpret and how patience can yield better results than constant deal-making. Hear an intriguing negotiation story involving a $25 million LOI and a Ferrari. Explore six unconventional truths for making smarter business decisions and see why a unique perspective is key to spotting mispricings and creating value.
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Pay For Words And Access
- Jeremy Giffon values businesses where you get paid massively for judgment and words rather than operational complexity.
- Such businesses provide cash and privileged access to deals and compounding opportunities.
Buy The Why, Not The Numbers
- Jeremy looks at circumstances around a sale, not just financials, to find asymmetric opportunity.
- He asks, "Why is this available to me?" to spot mispricings caused by incentives.
Ghost Ship Startups Become Cash Assets
- Jeremy described "ghost ship" startups that raised too much VC and linger without hypergrowth, creating orphaned cash-generating businesses.
- He buys and restructures these to turn them into profitable, sustainable assets.