Peter Troob

“As I said in my book, if you want to read a prospectus properly, read it like a Chinese menu. Read it from the back Or read it like, you know, the Bible. Read it backwards.”

“It's not real. It's make-believe totally, and I think it fools a lot of investors.”

“Because of regulation, and because of the way the regional banks and the community banks have to deal with regulation, there is a Real void of when companies, entities need money, again, in the sub-fifteen million dollar space, and nobody really cares. A compa…”

“And what we're finding now out in the venture capital world is they will take a million dollars, let's call it 2,000,002 million dollars, and give you one and a half times your money, three million, back in two years, paying you monthly off of revenue stream. …”

“And I know this is not the greatest thing to say, but being in the hedge fund business for all these years, it's interesting how few hedge funds I give money to. And it's not because I don't want to. It's that the market's gotten more efficient. There's a lot …”

“I want probably 30% liquid, because I always believe there is something around the corner. And I want to be the guy who buys and doesn't have to sell because I could get myself into the same problem as anyone else.”

“Once you get into a brokered situation, it's not that it's bad, but if you don't get the last look, effectively in my world, I think of you get no look. It's like the Ricky Bobby quote, right? If you're not your first, you're last. Right. And the problem is th…”

“I've smelled it in a couple things I've been in. I get out of the game. I will get run over. I can't play that game. It's, I'm not nearly big enough to deal with it, and so what I do is I just allow the big guys to beat each other up, which they're doing, and …”

“I think any one year can come out differently, but I think over time you're going to get high single, low double digit returns out of the control leader, and you're going to get 500 basis points worse out of the other guys over time, because what they'll get c…”

“The large guys have a big advantage right now. They really get the look at a better deals, and they get to structure them themselves. You have to go pretty far down the curve, maybe sub-twenty, sub-fifteen million dollar kind of investments where they don't ca…”

“The very large players, I mean, the ones with north of 10, twenty billion, even bigger than that, they just have longer term assets, they can make structurally interesting decisions, and they can both wait you out and buy you out in, like, rights offerings whe…”

“For a young investment banker, which I was at the time, it's really just about a coming of age of realizing that the emperor has no clothes, Realizing that you're toiling in obscurity, probably for less than 15 dollars an hour, even though you thought you were…”