Beshore: Companies should invest aggressively during downturns rather than retreat
Brent Beshore · Mastering Micro Private Equity: Brent Beshore's Strategy for Wealth Generation · Jan 26, 2023 · at 5:08
Brent Beshore, founder and CEO of Permanent Equity, explains why his firm urges companies to capitalize on market adversity.
0:00 / 0:07exact quote · 7.5s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“We really encourage our companies when there's adversity, like don't miss the opportunity for a good crisis and serve as well.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Brent Beshore
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…”
Beshore: Transparent content attracts the right partners and repels wrong ones
“We found that the best way to repel the wrong people and attract the right people is to put out content that says who we are and what we do.”
Beshore: Permanent Equity avoids putting debt on portfolio companies
“We're very different than traditional private equity in, in the sense that we don't typically put any debt on the companies.”
Beshore: Debt-free portfolio companies survive 60% earnings drops without layoffs
“Earnings can go down 50, 60% and everyone still keeps their jobs and”
Permanent Equity buys companies debt-free and holds them indefinitely
“So what we do is we buy with no intention of selling the business. We typically use no debt in the transaction. We love to keep leadership teams in place. We don't we don't replace the leadership typically, unless there's a sort of acute problem. And we hold i…”