I have been editing our investment thesis for years now. One thing I can say for sure is that it is subject to further revision. Nonetheless, I find the reflection and editing helpful. Have you written your thesis? How often is it updated? In this post I provide definitions, examples from Little Engine Ventures, and Read more about Developing an Investment Thesis[…]
Today, I am pleased to announce a new type of gathering we have dubbed “Allocators.” We are meeting via webinar in large part because Daryl doesn’t want to drive that much. Secondly (and somewhat more seriously), we want to connect with and help investors and current business owners outside of our target geography. The ideal Read more about Introducing “Allocators” Webinar Series[…]
I owe my blog readers an apology. I recently completed two books by William Zinsser: “On Writing Well” and “Writing to Learn.” In both books Zissner goads his students to be organized and write without noise. Clear writing is clear thinking. What good is a passage if it does not deliver a sound conclusion? The Read more about Apology for Noise[…]
On February 15, 2019, Magic Glass Holdings, LLC (“Magic Glass”) acquired the assets of Autoglass Express (“AGX”) of 505 Farabee Drive, Lafayette, IN from Ron Whitaker. AutoGlass Express provides mobile autoglass service in the Greater Lafayette region. Whitaker will stay involved for the foreseeable future. He will help the team deliver the same quality and Read more about Magic Glass acquires Autoglass Express[…]
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[…]