Big year coming in boring biz.
While everyone’s heavy on AI, Web3, NFTs.
We buy metal for $250 -> create cogs and gears -> sell them for $4,000
It feels like 1997.
When the Dot-com bubble happened.
Exciting!
This is Jim Simons: an 84-year-old math genius, the greatest quantitative hedge fund manager who constantly outperforms the markets. Net worth: $28.1 billion. His secret:
- Waking up at 5am;
- intermittent fasting for mental clarity;
- Meditating 30 minutes every day;
- Ice
There are introverts sitting in the closet managing $100 million portfolios while investing in the public markets and earning 17% annually for 10+ years.
They don't visit companies. They don't talk to the management.
They just read annual reports.
This is Jim Simons: an 84-year-old math genius, the greatest quantitative hedge fund manager who constantly outperforms the markets. Net worth: $28.1 billion. His secret:
- Waking up at 5am;
- intermittent fasting for mental clarity;
- Meditating 30 minutes every day;
- Ice
Imagine being in your early 30s, starting a private equity fund and raising $450 million as your first fund.
All this with no prior track record and without your rich father or uncle.
Years later, you own 90 companies, have $152 billion in AUM, your EBITDA is growing at 15%
Spoke to a private equity professional who bought two companies. He said that after years of study, he can boil down every investment thesis to three things:
1. Why does this industry exist and will continue to do so?
2. Why does this company exist and will continue to do so?
A guy films himself driving a truck through Norway. Each video gets 250k+ views.His channel? 400,000 subs
Meanwhile there’s a YT channel with 100 in-depth interviews of biz owners who've acquired 500+ companies...breaking down deals, growth and strategy
Less than 9k subs
Wild.
The start of KKR.
The lesson remains the same: "You either start or you don't..."
Jerome Kohlberg, 49 years old, with $100k
Henry Kravis, 30 yo $10k
George Roberts, 31 yo $10k
They all decided to jump. (And their office today.)
Sent an email to a gentleman who sold his last business for $250 million
Invited him to a podcast.
“Im sailing in Bahamas and while we have Starlink it’s not the best for video chats … better to try when I’m home in June”
It’s January 😅
I spoke to a guy who runs a harbor towing company.
Year 2022 numbers:
revenue $36.1M / profit $10.3M
Asked if he would be interested in becoming our investor…
"I do not invest anywhere outside of my biz - I keep buying new/used tugs, barges and work boats."
We kept
There's a gentleman who manages a $115 million aum fund with annualized returns of 35% (before fees) since inception.
And he wrote a 3,150-word letter for those who dream of compounding their money at 20-25% per year over the course of their careers.
1. Your chance of becoming
You will be surprised who follows you anonymously.
I was approached by a hundred million dollar man with 7 followers and a squirrel as his profile picture.