DeepSummary
In this episode, Patrick Donnelly interviews Brent Beshore, CEO of Permanent Equity, a private equity firm that invests in family-owned businesses with a long-term holding period of 30 years. Brent shares his journey from being an atheist to finding faith and how it has positively impacted his life and career. He discusses the daily practice of reading the Bible and reflecting on what he should know, how he should be, and what he should do based on the reading, which has brought transformation to his life.
Brent opens up about his past struggles with feeling empty despite achieving wealth, success, and power as an atheist. He emphasizes the importance of surrendering to God and how it has allowed his business to flourish beyond his expectations. Brent also talks about becoming more public with his beliefs and the challenges he faced, as well as recommending books for those skeptical about Christianity.
Additionally, Brent provides advice for young people interested in acquiring a business, discussing the pros and cons of using SBA loans versus starting a business from scratch. He stresses the importance of patience, diligence, and taking the time to learn and prepare before making such a significant investment.
Key Episodes Takeaways
- Brent Beshore's journey from atheism to faith has had a profound impact on his personal and professional life, bringing transformation and deeper meaning.
- Establishing a daily practice of reading the Bible and reflecting on how to apply its teachings has fostered accountability, intimacy with God, and positive life changes for Brent.
- Despite initial trepidation, Brent has found that being open about his faith has led to meaningful conversations and connections with others.
- Brent emphasizes the importance of surrendering one's life and business to God, which he believes has allowed his business to thrive beyond his expectations.
- For those interested in acquiring a business, Brent recommends patience, diligence, and taking the time to learn and prepare before making such a significant investment.
- Brent suggests that acquiring an existing business can provide a faster path to progress compared to starting from scratch, but it also comes with higher capital risk.
- Perseverance is crucial in the private equity world, as deals often face multiple setbacks and require regrouping before they can be closed.
- Brent recommends various books for those skeptical about Christianity, tailored to their specific concerns or backgrounds.
Top Episodes Quotes
- “And weve been doing it for a decade plus now, and its changed all of our lives. And its unbelievable both accountability and the intimacy that it creates in relationship with not only God, but with each other.“ by Speaker B (Brent Beshore)
- “I've never met literally in my entire life, I've never met somebody who has surrendered their life to the Lord, who is seeking humility on a daily basis, seeking to die to themselves, seeking to serve others, seeking to love the God with all their heart, mind, soul, and strength. Love their neighbor as themselves, who is hateful, I've literally never met.“ by Speaker B (Brent Beshore)
- “If I wanted to build our portfolio that we have today, the portfolio that weve built over, call it 15 years of doing this, it would take me hundreds of years to get them off the ground and to get them all up and going. I bought hundreds of years of progress in 15 years for a lot of capital, for $200 million of capital, plus a million dollars of capital that weve invested.“ by Speaker B (Brent Beshore)
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Episode Information
Millennial Investing - The Investor's Podcast Network
The Investor's Podcast Network
4/9/24