Permanent Podcast: Real Talk About Private Equity and Buying, Selling, and Operating Small Businesses Growth Without Goals: Permanent Approach
7 snips
Sep 20, 2022 AI Snips
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Episode notes
Mahomes vs. Brady
- David asks Brent if he identifies more with a meticulous planner like Tom Brady or a dynamic improviser like Patrick Mahomes.
- Brent identifies with Mahomes, describing his career as "scrambling around" with "occasional flashes of something special."
The Value of Planning (Not Plans)
- Brent explains that while planning has value in assessing resources and potential reactions, sticking to the plan is detrimental.
- Life is an unbounded game, making it impossible to foresee all reactions and necessitating adaptation.
Permanent Equity's Simple Approach
- Brent emphasizes the simplicity of Permanent Equity's approach, prioritizing caring for people, acquiring family-owned businesses without debt, and humility in pricing.
- Good investing, he argues, is understanding the risks one tolerates, while bad investing is ignorance of those risks.