Tag Archives: Private Equity
You Are What You Eat (or Where You Get Your Investment)
“Tell me what you eat, and I will tell you what you are,” said French lawyer and epicure Jean Anthelme Brillat-Savarin. Similarly, tell me where you got the investment for your business and I will tell you what is in store for your business. Each… Continue reading
Optimal Owner for a School — Not Private Equity or Wall Street
The School Business Finding a perfect match between a business and an owner is not easy. This hit home to me last week at a gathering for private post-secondary schools in California where I heard an owner of a private, post-secondary school describe an epiphany… Continue reading
Honey, I Shrunk the Definition of “Long-Term Investing”
Defining Long Term Investing Three years is “long-term investing” according to a discussion I attended last week. The discussion was among a handful of family office investors who help manage money for Haim Saban (participated in sale of Fox Family to Walt Disney), Eric Schmidt… Continue reading
“Strategy Follows Structure” — John Bogle on Investment Funds
Investment Fund Structures “You are what you eat” is the common phrase about nutrition. With investing, I think a corollary should be “you are where & how you get your capital”. This is particularly true with any type of investment fund as John Bogle, the… Continue reading
Investment Strategy – Sell Fixed Income
Pension Funds Buying Fixed Income As investors and business owners, it is problematic to make decisions for the future with too much of an emphasis on the past. In reading a recent issue of Grant’s Interest Rate Observer, they mentioned an eye-popping statistic from the… Continue reading
Thoughts on the Berkshire Hathaway Meeting 2012
The Berkshire Hathaway Annual Meeting Below are a few words of advice from Warren Buffett and Charlie Munger yesterday at the Berkshire Hathaway annual meeting. Business owners and investors should make a point to attend a Berkshire annual meeting sometime. There are not that many… Continue reading
Enlightenment about Investor Alignment
Obtaining alignment among the various parts of a company, particularly between company founders and investors, is a never-ending topic. Two items have caught my eye this month that relate to this issue and may help spread some enlightened thinking about investor alignment. First, Fred Wilson, a… Continue reading
Company Founder Regrets Sale to Traditional Private Equity
Be careful to whom you sell your company, said the founder of Jimmy Choo footwear, Tamara Mellon. In the Financial Times, Mellon was quoted, “What happens in private equity is they come in and they say we’re going to be a great partner. We want… Continue reading
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