Barron M. Shultz (Board Observer)vF

The things we do for a little bit of wallstreet bag clout

Getting cranked, hope everyone had a good week

Been a busy summer - and they’re saying the pipeline is filled to the brim - finding it hard to see the light at the end of the tunnel #myanalystisworkinglate

@BigJohn043 This is really cutting edge stuff, John - as always, you’re way ahead of the pack with this analysis

After a strong first quarter in deal flow for us, July marked the fourth month in a row with essentially flat numbers. I think there is no doubt that tariff uncertainty has had a big impact. As tariffs get resolved I am optimistic about the back half of the year.

@BigJohn043 “A leading company in the X space” is a great way to save myself a sleepless night. I also like to highlight the “product differentiation” because that’s arbitrary and you probably can’t wrap your head around the technology anyway.

Then lots of the points that get written down aren't very thoughtful. "A leading company in the X space" Is it really leading? If so then tell me that the company has X% market share and is Y times bigger than the next largest competitor. This leading stuff is just banker nonsense that all real buyers ignore immediately. "Superior customer value proposition" Is it really? If so, give me data. Describe exactly what is superior about it. "Strong experienced management team" This is in almost every one. Having this key selling point is not going to convince anyone that you really have a good management team. So why include it? In short, drop the silly banker superlatives and give me actual data and facts. 3/7

I read hundreds of confidential information memorandums ("CIMs") on companies for sale every year. Most are poorly done including many of the ones by the best middle market investment banks. Lets talk about it.... 1/7

@Backbay_guy Was there, can confirm

Bama defense

@paulswaney3 In my experience, the SAM is much more insightful. In all honesty, pontificating over a ‘TAM’ that will only ever see 40-60% terminal penetration is a futile, and rather intellectually dishonest conversation. Let me guess, you work in industrials…

Pay respects to mo khan

When the liberal arts major at Colby doesn’t know about Joshua chamberlain and the Maine volunteers in the union army….

@DonaldJTrumpJr @MikeTyson @jakepaul How many lines have we ripped Don, I’m trying to get zooted up the wazuuu

So I sat for 3 hours with my kids trying to watch @MikeTyson v @jakepaul and Netflix is now glitching so hard I feel like it’s the mid 90s where it’s taking 25 minutes to load a basic picture. Ugh.

@beaconhillguy @DrKingSchultzs Just had a slice of Regina’s, cheers mate hope to see you at Carrie nation one day 🤝

Having a couple cold ones with the LPs, might hit beacon hill later; where you at, @beaconhillguy

@BigJohn043 Consultants are a valuable asset in the commercial due diligence phase. The plain truth is that big swinging PE dbags like myself don’t have the time nor the patience to cold call customers to develop an advantaged market assessment @BigJohn043

FWIW, I don't think this is true at all. I do think consultants can help get the right answer. And they generally know how to think about strategic questions in a way that most operating executives don't. But more importantly the process brings everyone along and gets the team aligned on a direction. This is very important....

Just got to my hotel room in Vegas, ready to discuss L/S TMT but having a hard time not breaking into the minibar

@NjaySheer @new_balance_993 @chadgotbaggie Coors are for clown LMM guys that live out in Denver

@new_balance_993 @chadgotbaggie Hundo P the mich

Homeless man outside my building asked if I had some money, I told him to buy bitcoin as an inflation hedge instead of gold #communityservice

@stimmyaddict Mango pods and a fresh 12 of landsharks = the gates of Valhalla

@donlemon Don’t let the door hit you on the way out, Don. You’re over the hill and yesterday’s news. Haven’t heard you say a word about M&A being back under Trump, can you even spell “mergers and acquisitions” …