Giffon: Holding Companies Distract Talented Investors From Pure Capital Allocation
Jeremy Giffon · Data Backed Businesses Guaranteed To Make +$1M From Day 1 · Apr 17, 2024 · at 24:58
Jeremy Giffon argues that running holding company operations conflicts with an investor's core comparative advantage.
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“For most investors, that is a completely conscious skill. Like if you're a good investor, the last thing you should be doing when you meet a great investor, you're not thinking, oh, you'd be a great as the CEO of a 1200 person company. You know, like generally those are very far apart. And so what can end up happening is you spend a ton of your time actually just operating a business and you're not able to invest, which is the thing that you're probably the best at. And so, yeah, in general, I think they're quite overrated.”
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