Peter Lynch
@PeterLynchASM
Investor (mostly Private Equity) & Chief Strategy Officer at Stephen Gould. Link: http://linktr.ee/PeterLynch
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"The most important decisions that businesspeople make are not WHAT decisions, but WHO decisions." -Good to Great by Jim Collins
Should You Buy or Build a Business? #entrepreneur #investing #privateequity youtube.com/watch?v=l6hYul…
youtube.com
YouTube
Independent Sponsor Turned Entrepreneur
How do you identify fantastic leadership? Look for extraordinary results where no individual steps forth to claim excess credit. -Good to Great
“Vanguard has taken in an average of $1 billion every day for the last 10 years. For most asset managers or advisors, $500 million in new money would be a good year. Vanguard sees that much come in by lunchtime.” -The Bogle Effect by Eric Balchunas
What is the future of financial modeling in an AI-powered world? #AI #Excel #finance youtu.be/525KTWCbaqY
youtube.com
YouTube
Financial Modeling and Artificial Intelligence
Why Are Dividend Recaps Increasing? Private equity firms are struggling to sell portfolio companies. But they need to return capital to keep investors happy. #privateequity
Private Equity Balance Sheets and Interest Rates Lincoln International: “With average fixed charge coverage ratios hovering close to 1.0x, there is little room for error." Below a value of 1.0x, the ratio suggests that the company is eating its balance sheet to service debt.
"Victory awaits him who has everything in order - luck, people call it." -Roald Amundsen in 1912 (after he became the first explorer to reach the South Pole)
ASM Newsletter! Building Expertise 😎 mailchi.mp/asimplemodel/b… #finance #investing #privateequity #financialstatements
“Money buys happiness in the same way drugs bring pleasure: incredible if done right, dangerous if used to mask a weakness, and disastrous when no amount is enough.” @morganhousel
ASM Newsletter! Negotiating Equity w/o #PrivateEquity Experience mailchi.mp/asimplemodel/n…
In light of recent WeWork bankruptcy concerns, I had to bring back one of my favorite examples of (Community) Adjusted #EBITDA. The #WeWork S1 wordcount for "community" reached 150. An odd attempt at persuasion. youtu.be/2xBCLTn51ro
youtube.com
YouTube
Adjusted EBITDA Example: WeWork Community Adjusted EBITDA
FT: In the US, the [default rate on risker debt] has climbed to 4.9 per cent, with casualties this year including car dealership Carvana, National CineMedia and infrastructure services group QualTek. Moody’s predicts the US default rate will peak at 5.4 per cent by January, but…
Breakthrough moments are often the result of many previous actions, which build up the potential required to unleash a major change. Bamboo can barely be seen for the first five years as it builds extensive root systems underground before exploding ninety feet into the air…
“Private lenders that took disproportionate risks in recent years have been disproportionately rewarded.” “That’s going to change.” wsj.com/articles/the-1…
One reason we believe high-yield spreads haven’t spiked yet is the migration of lower-quality borrowers—those most likely to default—out of high yield and into the private credit market. “Ultimately, we believe the growth of the alternative asset managers will contribute to…
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