The Wisdom Wall
4 quotable lessons, heuristics and mental models. Every one is playable at the moment it was said. No fortune cookies allowed.
“And the Eureka moment was that look, this is a supply demand equation. They're just never going to be enough buyers for these businesses.”
“the issue is, is that that kind of like for sale by owner Fizbo in the home market, it's a false value prop. There's a reason why people pay those fees. So that, that was sort of on the seller side. There's a reason why people say those fees, you kind of only, it's even harder than selling a home, right? Fizbo should…”
“in the smaller businesses sort of like up To a million or two. They're, they're not generally someone who's ready to take on the financial responsibility for running the business. And that's why externally four out of five, three out of five businesses, you know, we need to sort of hire an external president”
“you could build a quote venture style portfolio, I think around the 200 K kind of EBITDA company. That sort of size of profile. That's not what we're trying to do. We're trying to have real consistency, predictable financials.”