Home Podcast Invest Like The Best What You Learn About Business After 12,000 Deals Reviewed, 1,500 Deep Dives,...

What You Learn About Business After 12,000 Deals Reviewed, 1,500 Deep Dives, 125 Site Visits, and 7 Portfolio Companies, w/ Brent Beshore [Invest Like the Best, EP.100]

August 21, 2018

265

by Patrick O’Shaughnessy

Show Notes

0:00 – (First Question) – How does he think about optimizing risk in terms of the capital stack when looking at deals

3:25 – What conditions would they add debt down the road after investing in a company

4:50 – What business sectors are most intriguing for Morgan to invest in right now

7:32 – Why no HVAC businesses if it’s such an attractive sector

11:54 – thoughts on rolling up similar businesses and horizontal scale

14:02 – Another industry Brent would focus on

16:00 – Difference between property management in larger cities vs smaller metro areas

16:49 – What role does profit margin play when Brent is evaluating a business

20:44 – The appeal of a hyper cyclical business

25:25 – Favorite counter cyclical business

26:12 – How they judge assets, tangible vs intangible assets

31:56 – How does he think about wage inflation when considering the cost of a business

35:19 – His fascination with pet crematoriums

36:55 – History of the permanent equity fund and the changes by having a larger pool of capital

41:46 – Pitching investors on a new structure for the business

44:12 – How will this business model scale