Brent Beshore

2023 @PermanentEquity Annual Letter is live: [link] 1) Partnership with Rylee + Cru [link] 2) Challenges of career risk, shifting markets, and buying the misunderstood 3) Fitness journey update 4) Perils of false self 5) Goodbye to Mr. Munger

The best thread I’ve read in years on SMB ownership, search funds, time horizon, and leadership. There’s no right model, only tradeoffs and incentives.

It's called the Kinsmen Journal. Highly recommended!

Great thread for those looking to acquire a SMB or are following the space. Takeaways: 1) Cost of senior secured debt for small businesses is currently around 10%. 2) 4X multiple w/ 80-10-10 structure doesn’t work in today’s environment.

Must-read thread of beautiful wisdom here. If we parents practiced these principles, we'd not only love our families well today, but halt long-suffering cycles of brokenness and provide an inheritance for generations to come. Everyone needs to be known and loved. Start at home.