All in Investing

What I learned from the search fund conference

As many of you know, I am a marketer at a startup. That’s one of many reasons why I write about startups and equity compensation all the time. Like, maybe too much, but I digress. Although I love my job, someday I’d like to leave the startup world to be an entrepreneur. My problem is that I don’t have any genius ideas for a business. I am just into entrepreneurship, finance, and finding efficiencies. So where does that leave me? Enter the search fund.

Search funds are basically tiny private equity funds. A small group of people (1-4) will raise money to search for and find a business for sale, within a given price range, in an industry where they have some expertise. If they succeed in finding a target business, they do their due diligence and raise money to purchase it. Then they run it, and eventually sell it at a profit. Hopefully.

Earlier in the year, I wrote about search funds, and a couple of people tweeted me to tell me about a Search Fund Conference in Boston. I booked a ticket, and holy shit… I learned a LOT in a single day.

Lessons from a REAL bear market: Crypto

The Bitcoin bubble of 2017 has popped and the crypto market is undoubtedly in the middle of another brutal bear market with no end in sight. Bitcoin has seen this situation before and many supporters will argue that this is all part of a predictable pattern. But that’s hardly enough to solace investors who are currently experiencing an 85% drawdown from all-time-high prices.

The secret power of recurring investments

It’s easy to get discouraged by investing. With interest rates hovering at 3-5%, even modest retirement budgets require well over a million dollars in investments to work properly (e.g., $1,000,000 x 3% = $30,000). Many people get discouraged because they don’t have much saved now, but the truth is that the most important thing in any retirement plan is making repetitive, reliable recurring investments.

Best Stocks to Short: Tesla

Last week, I took an in-depth look at one of my favorite short ideas: Snapchat. This week, I am going to continue the series with Tesla. I hesitated a little before writing this post because this is honestly a 50/50 short at best. On the other hand, when Tesla goes into the gutter this year I'd love to be able to look back on this post of vindication... so here we are.

Using debt as a forced savings plan

I’ve repeatedly seen two narratives told over and over again. First of all, debt is bad. Second, although debt is bad, having a mortgage is alright because it acts like a forced savings plan, slowly enabling borrowers to build wealth. But can't the “forced savings plan” idea can be extended beyond simply mortgage debt, if executed intelligently with low interest, short term debt?