Beshore: A passive index of small businesses eventually trends to zero
Brent Beshore · Brent Beshore: Business Brilliance and Happiness at Home · Jun 11, 2024 · at 2:03:07
Brent Beshore, founder of Permanent Equity, explains to Shane Parrish why hands-off, passive ownership fails in the small-to-medium enterprise market.
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“The reality is over a long enough period of time, that index is zero. Like it's really hard. The governance of these things is difficult. Like the norm for most small businesses is entropy is decay. Is dying a slow death and being wound down. Like that's a norm in the small business world.”
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