Transcript
Introduction
Patrick
For the 100th episode I've brought back my good friend Brent Beshore. Brent was the 10th guest on the podcast after we met because of a mutual interest in capital allocation. I quickly learned that Brent was one of the most unique and thoughtful investors around. He was an entrepreneur from the moment he left school, trying many different things before finding a fit buying smaller businesses with the intention of owning them forever. What amazes me about Brent is his encyclopedic understanding of business and the nuances of different business models and deal structures. This comes from reps. He and his team have looked at about 12,000 deals over the years at every kind of business that you can imagine. I've been with him when he goes through this process and it's fun to hear what makes certain businesses stand out from others, which is largely the topic of this conversation.
You all know transparency is key for me, so it's important to know that my family and I are investors in a fund called Permanent Equity Fund One run by Brent and his firm AdVentures. To commemorate this milestone episode I can think of no one better than Brent because he exemplifies what has made this podcast so fun for me: learning from other people who are willing to share what they themselves have learned through fun, blood, sweat, and tears. Please enjoy our conversation and thank you so much for coming along on this journey. I can't tell you how much it means to me.