“We can sort of look through that noise, because no one can take our capital away from us. That's what we talk about when we talk about permanent capital.”
♫
Said on The Rules of Investing
“Most of the capital in the asset management industry is inherently short term, available for redemption on a minute by minute, day by day, or quarterly or annual basis. It's hard to think long term if your investors are going to be judging on a very short term basis.”
In Good Company with Nicolai Tangen · Bill Ackman: Concentrated Investing, Permanent Capital, and the Value of Being Challenged
Play from 3:25
3:25
Audio streams from the publisher’s own feed. Verbatim does not host or copy it.
What was described
states that most asset-management capital is short-term and that permanent capital is scarce but essential for his strategy
Said nearby on the same subject
“And they essentially will underwrite your working capital for the first 18 months, two years until you get to cash flow positive, which in most of these cases is predominantly salary, right?”
♫
Said on Age of the MGA Podcast
“Australia relies on capital growth; everywhere else relies on cash flow… my strategy changed completely.”
TH
Todd Hunter
Australian Property Investor ·
“It may also mean buying an investment grade property in an established capital city market, while others are being distracted by the short-term headlines.”
MY
Michael Yardney
Property Investment & Wealth Creation Australia | The Michael Yardney Podcast ·
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