Brent Beshore, founder of Permanent Equity, explains how aggressive operational intervention post-acquisition broadens the variance of potential business outcomes.
“So if you don't come in and change anything, you should probably expect the company to perform kind of how it's performed in the past.
the more you start changing systems and changing out people it increases the upside opportunity, but it also increases the downside opportunity.”
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More from Brent Beshore
Disclosure
Beshore: Personal portfolio strictly limited to cash and small private acquisitions
“I hold two types of investments. I hold highly illiquid small private investments, right? In these companies that we, that we've acquired and cash and that's it. Like literally I have the, it's the most barbell strategy I've ever seen right now.”
Beshore: Rapidly modernizing Main Street businesses with technology is a pipe dream
“The thesis that you're gonna come into a small blue collar, you know, sort of main street business
and transform the business in any sort of reasonable timeframe with, you know, fancy technology is likely a pipe dream.
you're gonna have a lot of cultural entr…”
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