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Big year coming in boring biz.
While everyone’s heavy on AI, Web3, NFTs.
We buy metal for $250 -> create cogs and gears -> sell them for $4,000
It feels like 1997.
When the Dot-com bubble happened.
Exciting!
PrivateEquityGuy (Mikk Markus)
17.7K posts
PrivateEquityGuy (Mikk Markus)
@PrivatEquityGuy
Host of Buyers & Builders podcast | Investing in profitable businesses. Tweets about the process.
- This is Jim Simons: an 84-year-old math genius, the greatest quantitative hedge fund manager who constantly outperforms the markets. Net worth: $28.1 billion. His secret: - Waking up at 5am; - intermittent fasting for mental clarity; - Meditating 30 minutes every day; - Ice
- There are introverts sitting in the closet managing $100 million portfolios while investing in the public markets and earning 17% annually for 10+ years. They don't visit companies. They don't talk to the management. They just read annual reports.
- This is Jim Simons: an 84-year-old math genius, the greatest quantitative hedge fund manager who constantly outperforms the markets. Net worth: $28.1 billion. His secret: - Waking up at 5am; - intermittent fasting for mental clarity; - Meditating 30 minutes every day; - Ice
- Most profitable business you’ve ever seen. Go. Mine: An ugly VPN review site that in 2022 made $9.3 million in revenue with a 90% margin.
- Imagine being in your early 30s, starting a private equity fund and raising $450 million as your first fund. All this with no prior track record and without your rich father or uncle. Years later, you own 90 companies, have $152 billion in AUM, your EBITDA is growing at 15%
- Spoke to a private equity professional who bought two companies. He said that after years of study, he can boil down every investment thesis to three things: 1. Why does this industry exist and will continue to do so? 2. Why does this company exist and will continue to do so?
- A guy films himself driving a truck through Norway. Each video gets 250k+ views.His channel? 400,000 subs Meanwhile there’s a YT channel with 100 in-depth interviews of biz owners who've acquired 500+ companies...breaking down deals, growth and strategy Less than 9k subs Wild.
- The start of KKR. The lesson remains the same: "You either start or you don't..." Jerome Kohlberg, 49 years old, with $100k Henry Kravis, 30 yo $10k George Roberts, 31 yo $10k They all decided to jump. (And their office today.)
- Sent an email to a gentleman who sold his last business for $250 million Invited him to a podcast. “Im sailing in Bahamas and while we have Starlink it’s not the best for video chats … better to try when I’m home in June” It’s January 😅
- I spoke to a guy who runs a harbor towing company. Year 2022 numbers: revenue $36.1M / profit $10.3M Asked if he would be interested in becoming our investor… "I do not invest anywhere outside of my biz - I keep buying new/used tugs, barges and work boats." We kept
- The most profitable business. Go. Mine: An ugly VPN review site made $9.3M in 2021 with 90% margin
- There's a gentleman who manages a $115 million aum fund with annualized returns of 35% (before fees) since inception. And he wrote a 3,150-word letter for those who dream of compounding their money at 20-25% per year over the course of their careers. 1. Your chance of becoming
00:00 - You will be surprised who follows you anonymously. I was approached by a hundred million dollar man with 7 followers and a squirrel as his profile picture.
