Note: This interview was originally published in the March 2017 issue of our premium newsletter – Value Investing Almanack (VIA). To read more such interviews and other deep thoughts on value investing, business analysis and behavioral finance, click here to subscribe to VIA.
Brent Beshore is the Founder and CEO of adventur.es, a family of North American companies that invests in family-owned companies with unfair advantages. For the past nine years, Brent’s firm has started, funded, bought, and operated organizations across a wide range of industries.
The companies adventur.es owns have recruited doctors for the U.S. military, provided online public relations to some of the world’s largest organizations, manufactured cutting-edge home solutions, created software products for small businesses, curated the latest in women’s fashion to sell on the internet, and even helped make a couple of blockbuster movies.
Brent founded adventur.es in 2007 with the goal of creating an organization that allowed him to do what he loved, in places he enjoys, with people he admires. Since then, adventur.es has made over 50 investments, and was ranked #28 on the 2011 Inc. 500. Brent reads a lot, writes occasionally, dabbles in wine-making, and was nominated for a VH1 Do Something Award for helping his hometown of Joplin, Mo. recover from the devastating tornado.
As you would have understood from Brent’s profile, he isn’t a typical public markets investor like the ones I usually profile in this series, but an owner of private businesses. The thoughts Brent has shared in this interview, however, are equally valuable for a public market investor, as you would realize as you read forward.
So, over to Brent!
Naveen Sananguly says
Excellent stuff Vishal . A quick question from my side
Vishal , Brent mentioned the following
(Right now, we don’t explore any opportunity where there’s not a clear path to at least a 30% cash IRR over five years.)
My question : Did he mean a 30% IRR yoy for the cash deployed ?
Amaltas Dwivedi says
Vishal Sir, thanks for such splendid interviews. Reading such interviews, really helps in aligning our inputs towards value investing. I totally agree that “Warren Buffett is really a gateway drug into the value investing world”.
Thanks
Regards
Amaltas Dwivedi