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It’s not a secret that we (Daryl, Mikel, and Colin) learn by reading. In every newsletter we highlight the current book each of us is reading. We’ve joked that LEV is actually a book club that just happens to buy businesses. We’ve handed out many books over the last couple years. So we decided to Read more about 2019 Book Club[…]
Our 32 small business owning investment partners are familiar with this slide. This slide is in the deck we use when describing the Little Engine Ventures partnership. It explains how Daryl and I try to think about business investment opportunities. We also find it is how our small business owning partners have made decisions in Read more about Different. Right. Boring. Crazy.[…]
Investors have heard what business owners already knew: temperament is more important than intelligence. I recently observed a lecture Gary Mishuris, CFA delivered at Babson College entitled “How to Learn Value Investing.” In the presentation he said, “temperament is like a basketball player’s height. You can compensate a little, but it’s really hard to change Read more about Determining Temperament[…]
by Daryl B Starr I write down my thesis before investment decisions. The act of writing clarifies my thinking. The notes also record my “why.” As reality unfolds I can reflect upon my logic and assumptions. Not everything is a winner, but at least I can discern if it was a judgement error, false assumptions Read more about Investment Journals[…]
On January 26, 2019 Little Engine Ventures acquired majority interest in Brickyard Logistics, LLC of Indianapolis, IN. Brickyard Logistics delivers automobile and agricultural parts overnight. All staff will be retained and a portion of proceeds will be used to expand daytime services. Brickyard Logistics is Little Engine Ventures’s ninth control investment in less than three Read more about Little Engine Ventures Acquires Brickyard Logistics[…]
I have a phrase that I sometimes use that does not always ring true outside of my own head. I used it again today, and thought to myself, ‘I should write down what this means.’ So, here goes! Sometimes in business situations develop that are like a log jam or a scary spider. Everyone is Read more about Eat the Bug[…]
I missed my goal for total books in 2018 but I did widen my latticework of applicable knowledge. Check out my reading plan for more context. Below is the top five new-to-me books of 2018. Visit Top 5 Books of 2017 for previous list. Honeybee Democracy by Thomas D. Seeley Michael Mauboussin recommended this book. It Read more about Daryl Starr’s Top 5 Books of 2018[…]
On January 8, 2019, Recycle Guy Holdings, LLC acquired the assets of Circle City Dumpsters from Rod’s Quality Concrete, Inc of Whiteland, IN. The combined companies will continue to service the Indianapolis and surrounding areas with prompt and professional solid waste management services. The founder of Rod’s Quality Concrete, Rod Vore will remain focused on Read more about Recycle Guy Acquires Circle City Dumpsters[…]
SAVE THE DATE!! We will once again be gathering in Lafayette, IN on the last Thursday of July. (this web page will be updated as we firm up details) Date: Thursday, July 25, 2019 Location: Holiday Inn City Centre, 515 South Street, Lafayette, IN Time: 8:30 AM Registration & Tradeshow, Lunch & More Space & Read more about 2019 Annual Meeting[…]
I have been authoring an annual narrative of my businesses since age twenty two. I started the process with my loan officer in mind. The audience quickly morphed to include my future self. I wanted to address the anticipated question: “What were you thinking?!” I launched Little Engine Ventures in the summer of 2016 and Read more about Annual Letters of Private Partnerships[…]