This April, the Apple Watch will hit stores. The impact of the newest product from the world’s most valuable company is expected to make waves in the watch industry. But what will the impact be for investors?
Warren Buffett is notorious for buying a business, then leaving them alone for years. This is not very typical in the investing world but it proves he is making sound investments.
I’ve seen many companies acquired in long drawn out legal jousting matches. Pricing negotiations, conference calls, redlines, and hard nosed tactics are often the what goes into an acquisition. But it shouldn’t be.
Today at lunch I had the privilege of hearing a remarkable success story of a guy who quit his job, started a business, and in only one year, is living his dream. I wanted to share this story because it is the type of small business I love because it proves that anyone can quit their 9 to 5 and start something incredible.
A little over a year ago this guy was tired of his job as an investment banker. Imagine hearing people share with you their brilliant ideas, then you find them funding so they can go live it. All the while, you want to quit your own job. That was this guy’s story.
Today I’m pleased to publicly announce my departure from Allied Equipment, Inc. During the last eight years I helped grow the company’s revenue by 2350%. That equates to tens of millions in new revenues.
It was quite an impressive and fast paced run. The company is poised to grow further, recently starting a new field services business. Both their field services and engineering groups are lead by outstanding individuals whom I was very proud to partner with. I wish them all the best.