Michael Girdley
15 statements across 2 episodes · 2 bullish · 4 bearish · 1 people on the record · first statement Sep 7, 2023 by Michael Girdley · said 1 times in 1 episodes since 2024 · across every show →
On the record as a speaker too: Michael Girdley's record, appearances and statements → this page counts the times other people say the name.
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2024 1 mention in 1 episode
Everything said about Michael Girdley, oldest first
Sep 7, 2023 bullish
Girdley expects a 100% success rate across his current portfolio companies
“Working with the companies that I'm already in, you know, I hate to use the word portfolio, but it's the portfolio and I'm working on it and they're growing and they're gonna, I think we're gonna have a hundred percent success right there.”
Sep 7, 2023
Sep 7, 2023 negative
Girdley: Marginal Utility of Wealth Turns Negative Above Private Jet Level
“Well, it's also this idea that nobody talks about is that there is a diminishing return on money. Like, and I also have this like weird idea I've been toying with that. It's actually, there's negative marginal returns on money as you get more of it. Like, as I…”
Sep 7, 2023 bearish
Sep 7, 2023
Girdley: Mid-sized businesses must plan hiring 3–4 quarters ahead
“In a small business, for example, you don't have to look really two or three quarters ahead to think about people problems, right? You could, you're fixing your people problems right now, but like at a midsize business, like you have to get ahead of the game t…”
Nov 20, 2024 neutral
Girdley: All my business holdings roll up directly to me personally
“The way I'm actually personally set up is everything rolls up to me personally. Like I don't actually have a Berkshire Hathaway style Berkshire Hathaway style hold code because like, there's no reason to. Like, it's just an another tax return I would have to f…”
Nov 20, 2024 negative
Girdley: Most founders overcomplicate their holding company structures
“Most people tend to way over complicate it. Like you can keep it as simple as I have in terms of, kind of, how you structure stuff or things just flip to you individually rather than having, like, a bunch of LLCs and stuff like that.”
Nov 20, 2024
Girdley: More homogeneous holdco assets enable higher operational centralization
“And so to me, the level of centralization that makes sense where you have like interaction between the individual port codes where you're Where you're centralizing stuff at headquarters, that totally depends upon the types of assets you have and what you need …”
Nov 20, 2024 positive
Girdley: Holding companies can offset portfolio gains and losses for tax efficiency
“Like a hold code can provide you ways of having tax savings. There's, you know, there's, in the US, there's typically active earnings and passive earnings. Those are different, those, you know, if you have passive losses, you can use those to access Offset pas…”
Nov 20, 2024
Girdley: My HoldCo spans fireworks, software, and media
“I live in this kind of pure holdco thing, which is basically like your Berkshire Hathaway idea, which is like you own two, three, five, 10 businesses, and like you supervise those and coordinate amongst them. But there, there's no theme. They're just kind of l…”
Nov 20, 2024 negative
Girdley: Warren Buffett's hands-off holding company mystique is crafted BS
“I think a lot of it is really crafted. I think there's a lot of BS there that people buy into that he has this holding company and he doesn't really have to work very hard. Like, that's great. But for the rest of us, we have to work hard.”
Nov 20, 2024 neutral
Girdley: Running a holdco requires comfort with relinquishing operational micromanagement
“I don't think hold goings for everybody. I think it requires a certain set of skills. I think you and I are some somewhat unicorny and not feeling like we need to have our hands to control every single thing. And like not everybody's like that.”
Nov 20, 2024
Nov 20, 2024 neutral