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Investing in and owning businesses can have life-changing impacts, not just for the investor but for future generations as well. The risk-reward tradeoff in ownership can lead to significant rewards, emphasizing the importance of entrepreneurial endeavors for long-term wealth creation and generational impact.
Early exposure to entrepreneurship can shape one's career path from a young age. Examples like leasing a mini-golf course at 14 highlight how seizing business opportunities and taking initiative can lay the foundation for future entrepreneurial ventures. Nurturing an entrepreneurial spirit in children from an early age can instill valuable skills and mindsets for future success.
The concept of building enduring ventures inspired by the Berkshire Hathaway model involves a unique approach to business ownership and growth. Embracing a long-term mindset in capital allocation, avoiding short-term sell-offs, and empowering managers within each subsidiary to make strategic decisions contribute to the sustainability and success of the overall business structure.
Being patient and not rushing into investment decisions, especially during challenging market conditions, can yield significant benefits. Sophisticated investors understand the value of waiting and observing before making moves. This approach allows for strategic decisions based on market dynamics and can lead to more favorable outcomes in the long run.
Targeting cash flow businesses, particularly those with stable revenue streams in blue-collar industries, presents lucrative investment opportunities. Seeking out businesses that exhibit resilience to economic downturns and have a history of generating reliable cash flow over an extended period forms a solid investment strategy. Emphasizing growth potential along with acquiring businesses at reasonable valuations contributes to long-term success in building a portfolio of sustainable investments.
Are you ready to buy the business that will finance your future? Today we share the secret to generating wealth through acquisitions, explain why you need to invest for the long term, and teach the art of the deal.
Hosts Sahil Bloom and Greg Isenberg are joined by the founders of Enduring Ventures, Xavier Helgesen and Sieva Kozinsky, who are building the modern Berkshire Hathaway. Xavier and Sieva share the origin stories that shaped them into blue-collar entrepreneurs and explain why QSBS creates limitless economic opportunities in America. Finally, Sahil and Greg share what they believe to be the best businesses in the world and ask for your help to break down their unit economics.
►► Want more community? Learn more here: http://trwih.com
THIS EPISODE
Sieva Kozinsky: https://twitter.com/SievaKozinsky
Xavier Helgesen: https://twitter.com/xavierhelgesen
Enduring Ventures: https://www.enduring.ventures/
Better World Books: https://www.betterworldbooks.com/
ZOLA Electric: https://zolaelectric.com/
Sahil Bloom: https://twitter.com/SahilBloom
Greg Isenberg: https://twitter.com/gregisenberg
Production & Marketing Team: https://penname.co/
FIND US ON SOCIAL
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Instagram: https://www.instagram.com/_trwih
TikTok: https://www.tiktok.com/@_trwih
Web: https://trwih.com
Spotify: https://open.spotify.com/show/6aB0v6amo3a8hgTCjlTlvh
Apple: https://podcasts.apple.com/us/podcast/where-it-happens/id1593424985
SHOW NOTES
00:21 Xavier’s Origin Story
06:01 Xavier’s 2nd Company
07:58 Better World Books & Zola Electric
12:12 Sieva’s Immigrant Origin Story
15:20 What is Enduring Ventures?
23:44 A Search Fund on Steroids
30:20 Patience is Key
33:58 Where Buffet is Right & Wrong
39:24 Great Companies = Great Narratives
43:21 Buying Businesses that Power America
45:40 Financing the Deal
51:40 QSBS Matters
54:25 Xavier’s Advise
59:30 Sieva’s Scaffolding Story
1:03:06 The Best Business’s in the World
1:06:04 Where to Find Xavier & Sieva
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Listen to the best highlights from the podcasts you love and dive into the full episode