§ If you had unlimited capital to buy and hold a business until retirement, what is that one business/industry that you are willing to invest in?
| +30 | What's Next? | 6 | 11h | |
| +28 | To all associates coming up on the 2 year mark, how bad is it to have no deals done? | 7 | 2d | |
| +27 | Easiest way to make about $2mm/y | 19 | 18h | |
| +26 | VP Level - when to follow up after final round | 10 | 23h | |
| +22 | What happens if you go for on-cycle and don’t land an offer? | 24 | 12h | |
| +17 | Vista Lateral Associate | 4 | 13h | |
| +16 | IB/PE Lifers, Was It Worth It? | 5 | 8h | |
| +14 | EBITDA walkdown to cash flow for debt service | 10 | 4d | |
| +14 | What do you hate the most about second round diligence? | 9 | 4d | |
| +13 | Why is Blackstone so dominant? | 9 | 2d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Non-recurring services business (e.g., not automatable). Probably would buy McKinsey or would roll up the day laborers who hang out outside of Lowe's. Both are not likely to get automated soon.
Business services within insurance. You'd be shocked at the quantum of capital sloshing around in the space.
You don't want to be an insurer (carrier licensing is costly and complex; the regulatory purview is burdensome), but sitting in the distribution chain as a wholesaler, distribution platform, MGU, or MGA is a license to print money. Inorganic growth is very rewarding. The multiple re-rating is crazy. Platforms trade at 20x+, even in this environment, because there's a long, long tail of cash-flowing smaller assets with a narrower focus (regional, line of insurance, industry of underlying client base, and so on) where bolting that onto your platform is an instant synergy. This is one of the few spaces where this phenomenon still holds true this strongly.
- Self-storage units in a good location
- Consumable services like self car wash boxes
Funeral parlours
It's losing share to cremation
Is this in the US?
Agree with that threat though.
Okay there Warner Brothers
? Don't get it. Maybe because I'm from Europe
If I had unlimited capital I would buy a business in a winner take all market like ride share and completely outspend all my competitors at negative ROI up front to drive them out of business and create a utility like service and then raise prices once I own the market
Too bad you missed 2014-2022…
The one industry I would invest in is political consulting (ie - lobbying firms, data analysis businesses, data providers, campaign management companies, etc). Making money would be beside the point. So long as I can live comfortably that industry is RIPE for consolidation by a sophisticated actor.Granted, you'd have to do a lot of things you would never have to do in any other industry like stacking the corporate structure with a shit ton of hold cos (ie - having hold cos AT A BARE MINIMUM for each party in each state) and do very little consolidation of the actual businesses. If anyone knew that, say, jl12 owned 15% of all the political consultants in the country the laws would change real quick to stop it.But my god. The power that I'd have. It would allow me to facilitate my retirement plan so well
Honestly the answers above are so fucking dumb. I’m buying Amazon because then I’m a trillionaire and apple’s business model is much riskier because it relies on branding.
I was going to say. The question doesn’t say your goal is to make a return. If I had unlimited capital, I’d just buy up all of the companies in either AI or healthcare and just inject capital in good research.
Ea nemo ratione voluptatum necessitatibus. Eligendi asperiores et enim rerum aut et dolor. Omnis corporis et perferendis eligendi.
Officia occaecati aliquid deserunt. Eius ipsum sint quod et magni.
Aut a earum deserunt voluptatem aut eligendi. Voluptas laborum et sit. Minima possimus voluptatem ullam ducimus repellendus. Alias accusamus qui consequatur recusandae nesciunt et.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...