The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 16 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 3 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Jacobs: QXO will reach $50 billion by capturing 6% of distribution market
“I want to build a company that's called fifty billion dollars. I can do that. If there's an eight hundred billion dollar size, I can take six percent of that through acquisition and through organic growth. I can get to fifty billion dollars.”
Jacobs: Kurzweil is probably right that human-technology merger will create new species
“Ray predicts a singularity whereby technology becomes more intelligent, more capable than humans, and we merge with technology, that we use so much technology in our own bodies, with wearables, and nanobots, and so forth, that, and AI, and outsourcing our memo…”
Paribas gave Jacobs's early oil trading business a $1B credit line
“I deposited it with Banque Paribas, now it's BNP Paribas, back then it was Paribas, and they gave me a billion dollar line of credit, and I swung for the fences. I used sometimes up to nine hundred and ninety million dollars of that line of credit, doing count…”
Jacobs: QXO will reach $50B by taking 6% market share
“There are this eight hundred billion dollars of distributors in Western Europe and in North America, which is where I want to plant my flag. I want to build a company that's called fifty billion dollars. I can do that. If there's an eight hundred billion dolla…”
Jacobs delivered 32x to 150x returns across five consecutive companies
“So in my companies, we've been fortunate that we've been able to give back 32 times their money in one, and another company is over 150 times. So really, Really large, large, large returns, like over the top, unusually high returns. That wasn't by luck. That w…”
Banque Paribas granted Jacobs a $1B credit line for oil trading
“I took all the rest of my money. I deposited it with Banque Paribas, and now it's BNP Paribas, back then it was Paribas, and they gave me a billion dollar line of credit, and I swung for the fences. I used sometimes up to nine hundred and ninety million dollar…”
Jacobs: QXO can reach $50B in revenue through acquisitions and organic growth
“There are, there's eight hundred billion dollars of distributors in Western Europe and in North America, which is where I want to plant my flag. I want to build a company that's called fifty billion dollars. I can do that. If there's an eight hundred billion d…”
XPO turned a $3B Con-way acquisition into a $15B asset
“We bought it for about Three billion dollars. Roughly half of it was equities. It really bought it for a billion and a half dollars plus, plus some leverage. Today it's worth something like fifteen billion dollars, and that's after having taken out Many, like,…”
XPO's Conway acquisition yielded $15B in value and $5B in cash
“We bought it for about
Three billion dollars.
Roughly half of it was equities.
It really bought it for a billion and a half dollars plus, plus some leverage.
Today it's worth something like fifteen billion dollars, and that's after having taken out many, like …”
Jacobs has completed approximately 500 acquisitions with his teams
“My teams that I've led have done about 500 acquisitions. I've been involved in those acquisitions.”
Jacobs's companies generated 32x and 150x returns for shareholders
“So, in my companies, we've been fortunate that we've been able to give back 32 times their money in one, and another company is over a 150 times.”
Jacobs tripled post-2015 acquisition profits through integration without raising equity
“Sometimes we've done some acquisitions, like in 2015, we did two big acquisitions and then we digested them. And we integrated and optimized and doubled and tripled the profit without doing any acquisitions. During that period of time, we didn't need to raise …”
Multiple Jacobs executives made tens of millions, and one made over $100M
“I've had people on the senior level make, many, many people make, become millionaires, multi-millionaires. I've had people become tens of millionaires. I had one person who made over a hundred million dollars.”
Brad Jacobs has led teams through roughly 500 acquisitions
“My teams that I've led have done about 500 acquisitions. I've been involved in those acquisitions. So I get into the details of what are we buying? And to buy those 500 companies, we looked at thousands and thousands of other companies that we didn't buy”
Jacobs: XPO levered past 4x for Conway before $550M asset sale
“When I bought Conway, we levered up to about four times, a little more than four times, but we very quickly sold off, I mentioned that truckload division, for five hundred fifty million dollars, boom, we paid down a whole bunch of debt right from that.”