when I buy a product that I used 30 years ago and loved the quality, and the new product is now inferior, I research whether same company is making it. Odds are very good that the company was bought and redone by a private equity group. Quality suffers, and I cannot use that product any more.
Great guest, love his attitude and approach. He has some good principles we can all adopt. I certainly will. Thanks once again for another great interview.
Adam, this was my first introduction to Graham Weaver. In my view one of the best interview this year. Perhaps partly because our fund is PE and our philosophies align. Thanks again and Happy New Year!
Great interview with Gram. Focus , consistency, repetitions, and excellent coaching make super 🌟 stars, but it's all up to the individual to have that mindset... the passion to persist and play in what you love to do will have great outcomes
Hi Adam, Thanks for bringing us this fantastic interview. Love the deviation from the norm from time to time. I think a lot of Graham's messages align closely with many of the things you like to focus on. I love the part of the interview where he talked about taking the time to write your own story, not so much from the past but from this point forward. Having spent a career mentoring younger IT professionals, it's amazing to me how many people don't actually take the time to do this. Bravo for this great interview and please keep them coming.
Fantastic discussion Excellent analysis Graham Thank you Sir Well said!! I always love listening to you Adam Thank You Gentlemen Thank you TM, you are waking up and educating a whole generation
A prelude to some of the changes you're planning on making? This was fantastic Adam, thank you. And talk of Mike Rowe...perhaps this elusive interview will happen in 2025??
Had to laugh when Graham was describing their use of the term Code Brown, because in medicine, my field, a code brown is when a patient unexpectedly poops their shorts or the bed.
Pension companies have a yield target which greatly affects contributions required and actuarial calculated outflows. Private equity exploded when the Fed lowered bond rates and pensions needed yield to avoid serious deficits. Now pension plans have up to 50% invested in private equities deals of all types which exposes them to exponential risk. Underlying private equity asset values are mostly hidden so when the markets correct, this will have an outsized effects.
I thoroughly enjoyed today’s conversation mainly because it reinforced my belief that it is going to be the relatively unknown businesses that will outperform going forward. Living in the San Francisco Bay Area a lot of my peers are over investing in the top few equities completely ignoring a theory that, “Everything eventually returns to the mean.”
Private equity, of those of my age, was done by insurance companies such as TransAmerica and Occidental. This is the same strategy, but at P/E levels far higher than we dealt with. Secondly, the companies had hard assets in RE. We never had the intent to hollow out as that came later with other institutions. We bought in the downturns and it will be interesting to see where today's Private Equity lands under the upcoming downturn in cash flows. It took decades to get here in time and it will take decades to get back to such a time in corporate history. I believe it was far more fun in the beginning of M & A to do turn arounds.
Adam, I am to start off this way. I love your channel listen to it for years. Back in the wealthy on days this said I been in the building trades for 40+ years. Kinda makes me sick to see your friend who I love great guy aggregate many small hard built companies into a larger company through the private equity route note I get it you work your ass off your whole life you want to sell it to somebody it is too big for your kids to buy or somebody else to buy. Private equity comes in. I see some my contractor friends probably going down this route of private equity. Fortunately I was not big enough to be a target for PE so my son-in-law could buy my business . Note to all, if you are smart business oriented and good with your hands. These PE dudes will come after you because you have created something real again Adam I love you with all respect
Not going to lie, when I need something done at my home and need to use a craftsman, I call them and the first thing I ask is if they are owned by an investment group or by a single owner. I always go to the single owner. My experience with investment group owned dental, medical, and hvac have all been awful. They are always twice as expensive and the quality always sucks.
Great analysis, thank you! I need some advice: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How can I transfer them to Binance?
Basically there are no good investors. I've lost money listening to Peter Schiff, Jeff Sneider, Lance Roberts and everyone in between. The stock market is just a casino.
I think a lot of people are day trading stocks and Crypto now and although you can make quick money it's not for anyone risking money they can't afford to lose.
That could be your definition of success, but others could differ on that. Einstein, Gandhi, Jonas Salk, and Albert Schweitzer were successful in my mind.
Gold and btc barbell will stomp this cash flow nonsense. Respectable option i guess but you are also clearly choosing the losing trade and working way to hard to “feel comfortable” investing is hard grow a pear
Thank you for all of the excellent guests you have hosted this year, and best for the holiday season and 2025!
Outstanding interview. I really enjoyed this discussion. I recommend doing more of these kinds of discussions on Thoughtful Money.
Glad you found this of value!
when I buy a product that I used 30 years ago and loved the quality, and the new product is now inferior, I research whether same company is making it. Odds are very good that the company was bought and redone by a private equity group. Quality suffers, and I cannot use that product any more.
It's always a game of racing to the bottom. There's nothing new in capitalism.
They really are the scourge of the world. They ruin everything they touch.
TY Adam… wonderful guest…though we need to be good stewards of our money… it is not all about being rich❣️
Great guest, love his attitude and approach. He has some good principles we can all adopt. I certainly will. Thanks once again for another great interview.
Adam, this was my first introduction to Graham Weaver. In my view one of the best interview this year. Perhaps partly because our fund is PE and our philosophies align. Thanks again and Happy New Year!
avoiding youtube financial channels probs no1 rule to not losing money.
I have outperformed most investors in the past 7 years and I get 80% of my info from RUclips.
@willbennett7043 you must be inversing everything they recommend here then.
Knowing the difference between offering perspective and shiling is crirical
👏 Patience & focus is what has worked here and that's a great example for young people especially. Thanks Greame & Adam
Great interview with Gram. Focus , consistency, repetitions, and excellent coaching make super 🌟 stars, but it's all up to the individual to have that mindset... the passion to persist and play in what you love to do will have great outcomes
Absolutely love this interview!!
Glad to hear you enjoyed it!
Hi Adam, Thanks for bringing us this fantastic interview. Love the deviation from the norm from time to time. I think a lot of Graham's messages align closely with many of the things you like to focus on. I love the part of the interview where he talked about taking the time to write your own story, not so much from the past but from this point forward. Having spent a career mentoring younger IT professionals, it's amazing to me how many people don't actually take the time to do this. Bravo for this great interview and please keep them coming.
Fantastic discussion
Excellent analysis Graham
Thank you Sir
Well said!!
I always love listening to you Adam
Thank You Gentlemen
Thank you TM, you are waking up and educating a whole generation
interesting guest. great to see some fresh faces and ideas.
Adam, one of the tops. Graham is definitely a unique man paving his way as you said. Gave me some great insight on investing. Thanks
Really great interview. Made me think and reflect. Thank you!
Great discussion and thanks for sharing your story
A prelude to some of the changes you're planning on making? This was fantastic Adam, thank you. And talk of Mike Rowe...perhaps this elusive interview will happen in 2025??
Had to laugh when Graham was describing their use of the term Code Brown, because in medicine, my field, a code brown is when a patient unexpectedly poops their shorts or the bed.
Pension companies have a yield target which greatly affects contributions required and actuarial calculated outflows.
Private equity exploded when the Fed lowered bond rates and pensions needed yield to avoid serious deficits. Now pension plans have up to 50% invested in private equities deals of all types which exposes them to exponential risk. Underlying private equity asset values are mostly hidden so when the markets correct, this will have an outsized effects.
Thank you Grahm and Adam thank you for the advise. I will take it!
Thank you Adam
I thoroughly enjoyed today’s conversation mainly because it reinforced my belief that it is going to be the relatively unknown businesses that will outperform going forward. Living in the San Francisco Bay Area a lot of my peers are over investing in the top few equities completely ignoring a theory that, “Everything eventually returns to the mean.”
Thank you very much...
Stated another way: don't give up, don't quit. Read "The Path of Least Resistance" - Robt. Fritz
Private equity, of those of my age, was done by insurance companies such as TransAmerica and Occidental. This is the same strategy, but at P/E levels far higher than we dealt with. Secondly, the companies had hard assets in RE. We never had the intent to hollow out as that came later with other institutions. We bought in the downturns and it will be interesting to see where today's Private Equity lands under the upcoming downturn in cash flows. It took decades to get here in time and it will take decades to get back to such a time in corporate history. I believe it was far more fun in the beginning of M & A to do turn arounds.
That was really great. I love the shift in content. Just a suggestion, but get the founder of Fundrise too.
There is only one strategy that works 100% of The time, it's to bet on asset inflation, if you do that you can't lose.
Great guest Adam. Thank you.
Last of his 4 points I remember from Jordan Peterson: write down your future story.
Adam, I am to start off this way. I love your channel listen to it for years. Back in the wealthy on days this said I been in the building trades for 40+ years. Kinda makes me sick to see your friend who I love great guy aggregate many small hard built companies into a larger company through the private equity route note I get it you work your ass off your whole life you want to sell it to somebody it is too big for your kids to buy or somebody else to buy. Private equity comes in. I see some my contractor friends probably going down this route of private equity. Fortunately I was not big enough to be a target for PE so my son-in-law could buy my business . Note to all, if you are smart business oriented and good with your hands. These PE dudes will come after you because you have created something real again Adam I love you with all respect
starts at 9:01
Heh, Code Brown. I'd pick a different color. Healthcare has already claimed that code...and it's not agood thing.
Not going to lie, when I need something done at my home and need to use a craftsman, I call them and the first thing I ask is if they are owned by an investment group or by a single owner. I always go to the single owner. My experience with investment group owned dental, medical, and hvac have all been awful. They are always twice as expensive and the quality always sucks.
Facts!! 💯
Great analysis, thank you! I need some advice: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How can I transfer them to Binance?
LETS GOO!>
Basically there are no good investors. I've lost money listening to Peter Schiff, Jeff Sneider, Lance Roberts and everyone in between. The stock market is just a casino.
The career I have wasn't even a thing when I took an aptitude test in high school
Investing; It's all about Fed-driven debt-based liquidity, bro.
Everything somehow always works out when you invest broadly. Usually due to the Fed but anyway…
Probably has underperformed Bitcon
Funny just saw an article on how next Gen Quantum Computers can break Encryption on Bite Coin. Guess you don’t own it after all. 😢😢😢
Rule #1 You don't own anything if you can't stop someone else from taking it from you.
Rule #2 You don't own anything.
I think a lot of people are day trading stocks and Crypto now and although you can make quick money it's not for anyone risking money they can't afford to lose.
Main character syndrome. Life's about making money and being successful, whatever that is..
That could be your definition of success, but others could differ on that. Einstein, Gandhi, Jonas Salk, and Albert Schweitzer were successful in my mind.
1st, 26 December 2024
Gold and btc barbell will stomp this cash flow nonsense. Respectable option i guess but you are also clearly choosing the losing trade and working way to hard to “feel comfortable” investing is hard grow a pear
"to hard to" "grow a pear" Who would listen to you, your grammar is atrocious.
you're saying I should invest in pears?
I guess he doesn’t like free speech platforms. Unfortunate.
What was this? Tipical American MBA bull>>it