Tag Archives: Equity Investor
Investing Errors Come From Psychology, Not Information — Charlie Munger (2 of 2)
“A latticework of mental models” describes ways that Charlie Munger sees intelligence and wisdom. Mental models describe more than simple IQ, or Intelligence Quotient. Munger Avoids Investing Errors by Many Mental Models Munger believes a wise person is best served by 80 to 90 mental… Continue reading
Cheers to the Greybull All-Star Management Teams and CEOs
I love the companies Greybull Stewardship has invested with and I love working with the all-star management teams running those businesses. As we turn the corner into 2016, those are my overwhelming thoughts and feelings. Greybull All-Star Management Teams Here are some of the reasons why:… Continue reading
Private Equity Trending Toward Longer Term Models Like Greybull Stewardship
Momentum is growing toward private equity structures with longer term time horizons and movement toward more “permanent capital” — structures that are more similar to Berkshire Hathaway and Greybull Stewardship (my private equity fund focused on companies with $1-3 million in profit). Blackstone private equity… Continue reading
Super Investor, Seth Klarman, on Lessons Learned from Buffett
Seth Klarman has a legendary hedge fund that you may not know, the Baupost Group. His returns in that fund have been Buffett-like. He is a value investor . . . truly, not just someone who likes to say that word. His insights are treasured,… Continue reading
Disparate Data Points: Entrepreneurship Exploding or Dying?
An explosion of young companies that are bootstrapped, or financed outside of traditional venture capital (i.e., Silicon Valley) or traditional bank financing, is what I see every day. I see many companies finding their way to a point of lift-off, stability, and medium-sized revenue and profit… Continue reading
We’re In Seed-Stage Boom, Not a Series A Crunch
Two related trends in venture capital investing have been getting attention for the last few years. The first is the growth in angel investing, particularly after the crowd-funding provisions of the JOBS Act. The second is the “Series A crunch” where many companies that receive… Continue reading
Evergreen venture fund structure offers new strategy
Heartening to read a blog at Axial about the Evergreen Venture Fund Structure that we use at my Greybull Stewardship: http://www.axial.net/blog/evergreen-fund-structure/ Thanks to Billy Fink and his M&A blog, I’m excited to have the conversation about how the traditional fund protocols are changing with new… Continue reading