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]
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
4:55 – Trent Griffin Podcast
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
20:50 – Brent Beshore Podcast Episode
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
