The Icahnist @TheIcahnist Twitter profile | Pikagi

Pikagi

The Icahnist

@TheIcahnist

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Tweets about Private Equity & Activist Investing.

Switzerland

https://t.co/feNNAPanTk

Joined May 2023

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@TheIcahnist

The Icahnist

1 month

The Passport King: How a Swiss Lawyer Built a Billion Dollar Passport Business This Swiss Lawyer built a multibillion-dollar firm that helps wealthy individuals acquire passports and launched a fund that has returned 2000% since its inception. He discovered a chance on a…

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@TheIcahnist

The Icahnist

28 days

From Washing Used Cars to a $14 Billion Empire This guy dropped out of university to clean used cars, and today he owns a $14 billion revenue empire in 20 industries with 51`000 employees in 95 countries! Jim Pattison came from humble beginnings. He didn't have wealthy…

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@TheIcahnist

The Icahnist

26 days

Buy a Failing $1 Million Software Firm and Turn It into a $14 Billion Tech Giant Thai Lee and her husband bought a small struggling software firm with five employees for one million dollars using savings and loans. The firm had a small division called Software House, which sold…

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@TheIcahnist

The Icahnist

2 months

American Dream: From Immigrant UPS Driver to Billionaire Vulture Investor Marc Lasry made a fortune of 2 billion with bankrupt companies. Here is his unique strategy and story: Beginnings Marc Lasry was born in Marrakesh, Morocco. When he was seven years old, he and his…

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@TheIcahnist

The Icahnist

1 month

The Most Profitable Private Equity Deal in History How Blackstone made a huge gain of $14 billion with Hilton Hotels Here is the 14 billion dollar playbook⬇️ In the 2000s, the hospitality industry had become a highly attractive sector for Private Equity. Blackstone was the…

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@TheIcahnist

The Icahnist

5 months

Best book on M&A for SMBs. Inspired numerous acquisition entrepreneurs Developed from an HBS class by two the experienced M&A entrepreneurs/profs Ruback and Yudkoff.

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@TheIcahnist

The Icahnist

2 months

How a failed French pop star bought companies for a franc and became a turnaround billionaire Bernard Tapie was the takeover king of France. He would buy companies for one franc, fix them up, and then sell them for hundred million times of their purchase price Wonder, bought…

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@TheIcahnist

The Icahnist

4 months

Boring, fantastically profitable businesses are sitting right in your lap. Every airplane seatbelt you have ever used was likely made by the same company: AmSafe, which owns 95% of the global airplane seatbelt market. This small, hidden monopoly is protected by a regulatory…

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@TheIcahnist

The Icahnist

3 months

Hidden small monopolies are right in front of your eyes: No matter whether you've visited the opera in Paris, New York, or Milan, all the curtains were made by the same company: Gerriets As the world's sole manufacturer of large stage curtains, Gerriets holds a 100% market…

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@TheIcahnist

The Icahnist

19 days

The Willy Wonka of Pizza Cheese🧀🍕 A secretive billionaire has a 85% monopoly on US pizza cheese If you google his name, you will see only two pictures and nothing more. After this story, you'll never look at pizza cheese the same again: James Leprino's family came to the…

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@TheIcahnist

The Icahnist

1 month

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@TheIcahnist

The Icahnist

1 month

Two lessons from KKR founder Henry Kravis 1. Arrogance kills 2. Try new things; always be innovative

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@TheIcahnist

The Icahnist

1 month

Exclusive interviews with Kälin: Inspo: Older English article:

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Gekaufter Pass: «Passport King» gibt Einblicke in sein Geschäft

Die Nachfrage nach Staatsbürgerschaften ist seit Corona explodiert. Der Schweizer Christian Kälin gilt als «Passport King»: Er gibt Einblick in ein Geschäft mit einem Volumen von 25 Milliarden Dollar.

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@TheIcahnist

The Icahnist

3 months

A once-boring, small industrial firm, Roper, was transformed into a billion-dollar compounder Brian Jellison, Roper's CEO, reshaped the business through M&A. Under his leadership, the market value soared from just over $1 billion to $30 billion His M&A criteria were: 1)…

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@TheIcahnist

The Icahnist

1 month

@spencertbarber Agree! Chris Kälin said he knows families for whom a passport is so important that they have spent half of their disposable assets on it. The proportion of middle-class customers is increasing. In the Caribbean, you can buy a second citizenship for the whole family for 100,000…

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@TheIcahnist

The Icahnist

11 days

The Deal That Made Pepsi the World's Sixth-Largest Military Navy In 1989, Pepsi acquired 17 submarines, a cruiser, a frigate, and a destroyer from the Soviet Union. Temporarily making it the owner of the world's sixth-largest military fleet. What did happen? Here is the…

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@TheIcahnist

The Icahnist

4 months

@PrivatEquityGuy 200x Return on Greeting Card Company (The deal that convinced Steven Schwarzman to go into PE) The PE firm Wesray Capital invested $80 million to acquire Gibson, financing $79 million of the purchase through borrowing, and only contributing $1 million in equity. Of this equity,…

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@TheIcahnist

The Icahnist

2 months

There is a great series on Netflix about the meteoric rise of Tapie and his legendary acquisitions.

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@TheIcahnist

The Icahnist

2 months

KKR's first LBO: Houdaille Industries Houdaille Industries, an automotive parts manufacturer initially established by French immigrants, emerged as one of KKRs earliest and most successful leveraged buyouts. Houdaille was performing well financially, yet in the late 1970s, it…

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@TheIcahnist

The Icahnist

5 months

Boring & good companies are brilliant for high returns During the holidays, if you were driving in Germany, chances are you stopped at a Tank & Rast (T&R) gas station. The firm has a virtual monopoly. Here is how PE firm Terra made millions with German petrol station toilets.

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@TheIcahnist

The Icahnist

2 months

This Private Equity billionaire bets billions on high-speed trains in America Wesley Edens is the founding member of the Private Equity Firm Fortress Group that was sold to Softbank for 3.3 billion. Now he's pouring billions into his latest venture: high-speed trains. The U.S…

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@TheIcahnist

The Icahnist

2 months

This Guy Bought Real Estate Without Cash Bob Allen boasted, 'Give me $100 for living expenses, and in 72 hours I'll return owning several properties without using a dime of my own money.' The Los Angeles Times took the bait, handed Allen $100, and sent him to San Francisco to…

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@TheIcahnist

The Icahnist

13 days

The Acquisition Cowboy Ted Turner turned a small Southern billboard firm into one of the world's largest media conglomerates "Either Lead, Follow or Get Out of the Way" Ted Turner was just 24 when his father took his own life, leaving him responsible for running the family’s…

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@TheIcahnist

The Icahnist

5 months

@privateinequity Or one can simply read these two free long essays by the authors, covering the entire book content: 1. You Should Consider Buying a Small Business. But When? 2. Buying Your Way into Entrepreneurship

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You Should Consider Buying a Small Business. But When?

If you put it off, you might not do it at all.

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@TheIcahnist

The Icahnist

13 days

Private Equity and Civil War Some of the greatest fortunes were created during the U.S civil war using private equity-like strategies: Consolidating fragmented industries through acquisitions Key Lessons from the Four Greatest Consolidators: 1. John D. Rockefeller Rockefeller…

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@TheIcahnist

The Icahnist

3 months

Swiss Train Tycoon: Buy Small, Think Big, and Recognize Structural Trends At the age of 30, Peter Spuhler bought a small train company, which had 17 employees and was generating a revenue of 4.5 million. He transformed it into a global conglomerate with a revenue of 2.4…

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@TheIcahnist

The Icahnist

2 months

ROI of 1900% with Milwaukee Bucks Lasry's turnaround investment strategy also works in sports: In 2014, Lasry acquired a 25% stake in the Milwaukee Bucks, a floundering NBA team, for $175 million. His decision to draft Giannis Antetokounmpo played a crucial role in…

@TheIcahnist

The Icahnist

2 months

American Dream: From Immigrant UPS Driver to Billionaire Vulture Investor Marc Lasry made a fortune of 2 billion with bankrupt companies. Here is his unique strategy and story: Beginnings Marc Lasry was born in Marrakesh, Morocco. When he was seven years old, he and his…

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@TheIcahnist

The Icahnist

12 days

��Companies are the backbone of our society and many are terribly managed, there is no accountability. When you can change that you will have some collateral damage. We bring in the innovation so we have companies that are more productive, create more jobs in the macro picture»…

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@TheIcahnist

The Icahnist

7 months

@HighyieldHarry Mira Murati right now

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@TheIcahnist

The Icahnist

3 months

Private Equity Pub Kings of UK: The Great Pub Roll Up🍻 Japanese Nomura became the largest pub owner and consolidated the UK pub industry. How To Make Hundreds Of Millions In A Struggling Industry: Once upon a time, brewing industry had been a license to print money. But the…

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@TheIcahnist

The Icahnist

5 months

PE DEFENCE GUIDE FOR INORGANIC ENTREPRENEURSHIP Since the outbreak of war in Ukraine, there has been a massive increase in defence spending around the world. Hundreds of billions are being invested in Europe in particular. Global military spending reached a record $2.2…

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@TheIcahnist

The Icahnist

4 months

Art of Dealmaking by Henry Kravis People do business with people they like and trust. You may be the smartest, the greatest tactician and negotiator but if the people you're doing business with don't like you or don't trust you, then the rest of it doesn't matter at all. Go…

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@TheIcahnist

The Icahnist

4 months

@PrivatEquityGuy @privateinequity @InvestTortoise @BoringBiz_ @evfcfaddict @QuilanFoster That’s what’s fascinating about TransDigm! It acquires companies with 15~20% margins and elevates them to 50% margins within a few years, achieving operating margins three times higher than its peers. TransDigm has developed the best operational and strategic playbook in its…

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@TheIcahnist

The Icahnist

4 months

Growth Through Acquisitions by Wharton: „If i could come back (after death) i probably come back as a roll up specialist. Because some of the wealthiest people in the world did roll ups.“ Captures the essence of inorganic entrepreneurship within 40 seconds:

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@TheIcahnist

The Icahnist

3 months

Very interesting book by @privateinequity Lean only works by paying attention to people and culture.

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@TheIcahnist

The Icahnist

1 month

@jackefeller In 2006, Chris Kälin's company received a mandate from the Caribbean state of St. Kitts and Nevis to set up a scalable citizenship acquisition programme. This became the most successful programme in the world! This money saved St Kitts and Nevis from economic ruin. The…

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@TheIcahnist

The Icahnist

5 months

THE ROLL-UP PAINTER: How a young master painter built the biggest German painting empire In 1989, a 25-year-old painter took over two painting businesses, laying the foundation for €850M roll-up empire. The unique story of Philip Mecklenburg and core lessons for roll-ups

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@TheIcahnist

The Icahnist

1 year

A big misunderstanding is that Buffett was always this sweet grandfather. Buffett acted as an activist investor in his younger years, and made massive returns. In this thread I discuss Buffett's hedge fund strategy ⬇️

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@TheIcahnist

The Icahnist

2 months

Link to the book:

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@TheIcahnist

The Icahnist

28 days

@FoundersPodcast an episode about Jim Pattison would be great!

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@TheIcahnist

The Icahnist

1 month

Privatization programs by governments offer an interesting opportunity for Private Equity When a government sells a state-owned company, Private Equity can unlock significant value by updating the business model and cutting costs, which are typically high in the public sector.…

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@TheIcahnist

The Icahnist

3 months

The power of relentless pursuit of operational excellence is best exemplified by Jack Welch: Jack Welch cut head count by 25 percent in his first five years while simultaneously growing revenues by over 30 percent. In the future, operational competence will distinguish top PE…

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@privateinequity

Swaney Group Capital

@privateinequity

3 months

1/ KILLER SLIDE FOR WHEN DEAL GUYS DON'T UNDERSTAND COST EVOLUTION Was talking with the owner of the asset we put a bid on... he didn't understand why I was so confident that I could get cost base down by 35% \ uptime up by 65% Good ops creates a virtuous cycle of improvement

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@TheIcahnist

The Icahnist

3 months

Small specialised funds that just focus on one specific industry tend to do much better than bigger, broader funds. Niche funds have average returns of 38 per cent over the past decade, roughly twice as good as the results of the PE industry as a whole

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@TheIcahnist

The Icahnist

4 months

Global LBO Guide GPT Gives LBO guidelines for 30 countries from the EU to Asia and Latin America.

ChatGPT - LBO Expert

Global LBO Guide

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@TheIcahnist

The Icahnist

1 month

@wannabfoode The European Union often criticises such programmes, but two thirds of EU countries already offer them - and they are in great demand

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@TheIcahnist

The Icahnist

2 months

@QuilanFoster @privateinequity @PEoperator @BoringBiz_ @PrivatEquityGuy @jayvas And then sell it back to BP, the same company, for 9 billion! Recipe for massive profits

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@TheIcahnist

The Icahnist

4 months

@privateinequity constantly emphasizes that PE that focus on operational improvement will have the advantage. This is exactly what Henry Kravis means:

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@TheIcahnist

The Icahnist

12 days

@Turnaroundartst @QCompounding True! The book King Icahn is the best biography about Icahn! The @TIP_Network interview with the author is very interesting

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TIP 104 : Billionaire Carl Icahn - A Rare Look Behind the Scenes w/ Mark Stevens, author of King...

Listen to this episode from We Study Billionaires - The Investor’s Podcast Network on Spotify. IN THIS EPISODE, YOU’LL LEARN: What “greenmail” is and how Icahn basically got paid for not taking over...

open.spotify.com

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@TheIcahnist

The Icahnist

3 months

Types of Serial Acquirers by Scott Management LLC

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@TheIcahnist

The Icahnist

4 months

„Consolidate fragmented industries, ideally benefitting from secular tailwinds“ - Brad Jacobs success formula by @DinoSawaya Here is the unique opportunity in Europe for roll ups: niche dual-use suppliers

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@TheIcahnist

The Icahnist

4 months

No cost is too small to worry about There is a surprising amount of money to be made in cutting in minor costs, since those are precisely the costs that no one has ever bothered to look at before! Many a little makes a mickle PE pioneer Guy Hands set up really strict budget…

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@TheIcahnist

The Icahnist

3 months

@PrivatEquityGuy Stehe Jobs said exactly the same thing

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@TheIcahnist

The Icahnist

11 days

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@TheIcahnist

The Icahnist

11 days

The Deal That Made Pepsi the World's Sixth-Largest Military Navy In 1989, Pepsi acquired 17 submarines, a cruiser, a frigate, and a destroyer from the Soviet Union. Temporarily making it the owner of the world's sixth-largest military fleet. What did happen? Here is the…

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@TheIcahnist

The Icahnist

5 months

B2B software is usually non-cyclical Software contracts are better than first-lien debt. You realize a company will not pay the interest payment on their first-lien until after they pay their software maintenance or subscription fee. You get paid first

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@TheIcahnist

The Icahnist

2 months

@eddylong33 @privateinequity @PEoperator @BoringBiz_ @PrivatEquityGuy @jayvas I will publish his most legendary M&A deals soon These two books I found the best, explain the strategy as well as him as a person. @FoundersPodcast we want an episode on Jim Ratcliffe, the English rockerfeller!

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@TheIcahnist

The Icahnist

1 month

If you enjoyed this, please join my free mailing list. I share my notes and learnings like this with my subscribers!

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theicahnist.beehiiv.com

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@TheIcahnist

The Icahnist

3 months

@LeadershipAcad1 Lessons from Titans. It shows the best practices of industrial companies & serial acquirers like Roper or TransDigm, and highlights the strategic and operational mistakes of other industrials.

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@TheIcahnist

The Icahnist

6 months

The Lord of the Raiders This is Lord James Hanson, billionaire corporate raider & knighted british lord who dated film stars like Audrey Hepburn. PM Thatcher said she wanted to run the country like he ran his businesses The strategy of the man who was the leading UK activist:

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@TheIcahnist

The Icahnist

5 months

Interesting opportunity for EU PE investors The EU has set up a 175 million fund and is investing in PE funds that focus on SMBs in the defense sector. Some of them have a strong moat by focusing on a niche in the value chain A historic opportunity to build an "EU TransDigm"

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@TheIcahnist

The Icahnist

4 months

@PrivatEquityGuy „Good companies go private, loss-makers go public“ ~ Urs Wietlichsbach, Partners Group Co-Founder

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@TheIcahnist

The Icahnist

5 months

Industry overview Private equity has historically been underinvested in Defence, because of a perceived incompatibility with the nature of the sector’s contracts and cash flow models and several barriers to entry. Defence is seen as an industry controlled by a limited group of…

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@TheIcahnist

The Icahnist

1 year

7/ This phenomenal documentary by @finaius , highlights Buffett's ruthless strategy at a young age. Regarding other activists, the documentary on Icahn and Loeb is incredibly valuable.

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@TheIcahnist

The Icahnist

4 months

Great book about operations, as if it had been written by Jack Welch.

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The Icahnist

2 months

@david_katunaric The last thing a Net Net Cigar Butt sees before it is liquidated

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@TheIcahnist

The Icahnist

1 year

„Companies are the backbone of our society & many are terribly managed, there is no accountability When you can change that you will have some collateral damage. We bring in the innovation so we have companies that are more productive, create more jobs in the macro picture“ $IEP

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@TheIcahnist

The Icahnist

4 months

There is an increasing collaboration and convergence between activists and PE firms in the US. U.S. PE has become increasingly inclined to acquire minority stakes in companies. On the other hand, activists have become increasing comfortable acquiring larger stakes in their…

@privateinequity

Swaney Group Capital

@privateinequity

4 months

1/ Private equity ownership = collection of 4 @BillAckman (Ackmen 🤔🤔- For the avoidance of doubt, I'm a fan) engaged at all times BUT 1. He has access to all your insider data 2. You have a monthly operating committee 3. You have a monthly financial review 4. He can call…

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@TheIcahnist

The Icahnist

11 months

Read on @activistinvestr recommendation. One of the best books on the history of activism and good case studies.

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@TheIcahnist

The Icahnist

28 days

@BPD1776 Like Buffett, Jim focused on building a decentralised structure with capable managers who had a strong focus on the business and did not spend their working days on golf courses.

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@TheIcahnist

The Icahnist

3 months

Swiss HoldCo Titan Spuhler Spuhler leverages his operational and strategic skills to invest in industrial companies through PCS Holding. He holds stakes in 10 industrial companies and is actively involved.

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@TheIcahnist

The Icahnist

4 months

Artificial intelligence, digitalization and ESG notwithstanding: PE remains a people business, and those who apply this laws will differentiate themselves from other PEs

@privateinequity

Swaney Group Capital

@privateinequity

4 months

1/ 𝗗𝗘𝗔𝗟 𝗩𝗣 𝗣𝗟𝗔𝗬𝗕𝗢𝗢𝗞: 𝟮𝟲 𝗡𝗘𝗚𝗢𝗧𝗜𝗔𝗧𝗜𝗡𝗚 𝗧𝗘𝗖𝗛𝗡𝗜𝗤𝗨𝗘𝗦 𝗧𝗢 𝗚𝗘𝗧 𝗬𝗢𝗨𝗥 𝗗𝗘𝗔𝗟 𝗗𝗢𝗡𝗘 The deep dives on these went away... so reposting here Join the finance and entrepreneurship community that doesn’t gate keep!

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@TheIcahnist

The Icahnist

5 months

Great write up!

@david_katunaric

Mikro Kap David

@david_katunaric

5 months

Even in the MID-cap land, 20–30 cent bills can sometimes yield a dollar My latest piece on $PARA is out! Be sure to check spam or go to the website version because this is a lengthy one

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@TheIcahnist

The Icahnist

1 year

@Carl_C_Icahn The pirate king has returned. Contrary to the euphoria about a quick victory of Hindenburg, the defensive battle of $IEP is just beginning. We will see one last big showdown in the coming weeks.

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@TheIcahnist

The Icahnist

6 months

Great episode with Michael R. Levin ( @activistinvestr ) by @SVEmarkets . Valuable wits on Activist Investing. „Activism isnt just for Carl Icahn, Nelson Peltz & Bill Ackman“ Individual investors are not powerless but can exert influence in conjunction with other shareholders.

@activistinvestr

The Activist Investor

@activistinvestr

6 months

Time in the Market interviews me (podcast)

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@TheIcahnist

The Icahnist

19 days

@PrivatEquityGuy Great post! Or you can simply become a 3 billion dollar cheese baron!

@TheIcahnist

The Icahnist

19 days

The Willy Wonka of Pizza Cheese🧀🍕 A secretive billionaire has a 85% monopoly on US pizza cheese If you google his name, you will see only two pictures and nothing more. After this story, you'll never look at pizza cheese the same again: James Leprino's family came to the…

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@TheIcahnist

The Icahnist

4 months

„We are legalized insiders. If you knew as much about a public company, you should go to jail“ -Partners Group Co-Founder, Urs Wietlisbach If you're a PE firm looking to buy a private company, insisting on a period of exclusivity is what enables you to understand the business…

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@TheIcahnist

The Icahnist

26 days

@Mystezi Great share! KoGuan Leo, who used to be married to Thai Lee, has been a big Tesla shareholder for many years. He is the company's biggest retail investor, owning more than 27 million shares!

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@TheIcahnist

The Icahnist

2 months

@psyopcapital AmSafe

@TheIcahnist

The Icahnist

4 months

Boring, fantastically profitable businesses are sitting right in your lap. Every airplane seatbelt you have ever used was likely made by the same company: AmSafe, which owns 95% of the global airplane seatbelt market. This small, hidden monopoly is protected by a regulatory…

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@TheIcahnist

The Icahnist

1 month

@RealJohnMaher77 Thank you! Glad to hear it!

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The Icahnist

1 year

@Investmentideen

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@TheIcahnist

The Icahnist

3 months

@0xbono @PrivatEquityGuy @privateinequity @PEoperator @QuilanFoster @jayvas @BoringBiz_ Thank you! Glad to hear!

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@TheIcahnist

The Icahnist

3 months

@lhamtil Love this book! The TransDigm case is a stark reminder that in the pursuit of growth, tech companies often overlook the goldmine in high-margin, low-investment products. Prioritizing expansion over these proven earners can lead to massive undervaluation of assets.

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@TheIcahnist

The Icahnist

2 months

@ebitdaddy90 @privateinequity @PEoperator @BoringBiz_ @PrivatEquityGuy @jayvas No, Ratcliffe initially worked for Esso and the synthetic fiber manufacturer Courtaulds. After completing his MBA, he worked in PE and then had the idea of starting his own business

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@TheIcahnist

The Icahnist

5 months

„Dear Chairman“ by @jeff_gramm is a masterpiece. The first episode will be about Benjamin Graham's activism at Northern Pipeline. The birth of shareholder activism. Cant wait to hear it!

@FocusedCompound

Andrew Kuhn

@FocusedCompound

5 months

We're launching a podcast series on @jeff_gramm 's outstanding book, "Dear Chairman," where each episode will focus on a single chapter. If you have Dear Chairman and wish to join in, feel free to submit questions when I request them for the upcoming chapter we'll feature in the…

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@TheIcahnist

The Icahnist

2 months

@PEoperator @PrivatEquityGuy Constellation Software is now targeting these companies. Constellation Software looks to ‘experiment’ by buying Canadian VC-backed companies

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Constellation Software looks to ‘experiment’ by buying Canadian VC-ba…

archived 18 Mar 2024 00:18:15 UTC

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@TheIcahnist

The Icahnist

7 months

@PrivatEquityGuy Price is what you pay. Value is what you get“ ~ Warren Buffett

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@TheIcahnist

The Icahnist

1 year

After 15 long years of legal battles the country agreed to pay up: Singer ended up getting paid about 2.4 billion dollars, which was more than a 1,200% #ROIC

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@TheIcahnist

The Icahnist

1 year

6/ A wonderful resource to explore Buffett's deep value strategy is the book Acquirers Multiple so as Deep Value by @Greenbackd . At the same time, it also discusses strategies by Pickens and Icahn.

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@TheIcahnist

The Icahnist

7 months

Rest In Peace Legend. Your wisdom has inspired generations and laid the foundations for a good life. #CharlieMunger

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@TheIcahnist

The Icahnist

2 months

@privateinequity Reminds me of the statement by UK PE pioneer Guy Hands: „There is no substitute for first-hand knowledge. Seeing so many pubs and gaining an understanding of their locations and the demographics of their clientele allowed me to review every aspect of the business plan: From how…

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@TheIcahnist

The Icahnist

1 year

4/4: Khrom's example highlights the limitations of relying solely on surface-level balance sheet values. By examining tangible assets with a deeper understanding, investors can uncover hidden opportunities. Valuable assets like helicopters may possess untapped value. #investing

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@TheIcahnist

The Icahnist

3 months

@BoringBiz_ Great guide!

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@TheIcahnist

The Icahnist

5 months

@privateinequity Legendary how Icahn, back in his mid-twenties, a nobody at the time, entered the board and said to the CEO: I don't think you're a good CEO. You're just gonna kill this company. I will do everything I can to stop this deal Then he pushed the sale of Tappan to Electrolux

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@TheIcahnist

The Icahnist

2 months

@PrivatEquityGuy It's always fascinating to see how these owners have weathered the storms of life, not only building and sustaining a business but also creating a local ecosystem

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@TheIcahnist

The Icahnist

4 months

@privateinequity Great playbook. Pursuing efficiency is like honing a blade: The finer the edge, the more effortlessly it carves through the challenges of expense.

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@TheIcahnist

The Icahnist

1 year

@InvestingCanons Exactly!

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@TheIcahnist

The Icahnist

7 months

One of the best tools for understanding business models and patterns: St.Gallen Businessmodel Navigator from @HSGStGallen

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@TheIcahnist

The Icahnist

1 year

So, despite its small size, it is an enduringly profitable business because of this solid reputation. Question to the SMB Guys: What do you think about this book? @LeadershipAcad1 @SMBpete @SMB_Attorney @PrivatEquityGuy

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@TheIcahnist

The Icahnist

5 months

The case is from Guy Hands & his Terra company It shows well how you can make returns with boring moat infrastructure that is misguided by management mistakes Feel free to share your thoughts @PrivatEquityGuy @gas_biz @privateinequity

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