Wedgewood Capital Group

if you're a broker and have an 8% average 5y avg coc deal 15m+ dm and pitch me. Mid atlantic only.

If you are an operator, the same criteria applies.

There is a nuanced dichotomy between the patience required as an entrepreneur and the sense of urgency you operate with from an execution perspective. You can't let the reasoning for being both patience and urgent trickle into their respective lanes. That is where discipline is created to build things over decades, i think.

Tiger Woods on what it takes to be a savage. "It's do all the nitty gritty details that are ugly, hard, and mundane...Quite frankly, a lot of times you don't see the results for maybe years to come, but it's the little details that it takes each and everyday to be successful." Excellence filters people out through boredom, discomfort, and delayed rewards. It lives in the details that most people don't have the discipline or patience to honor every day. 📹: Skratch

Charlie Munger literally revealed the secret to winning the game of life:

Sage advice from Warren Buffett:

Tom Brady explains his mental edge and why practice (not gameday) creates separation. "There was a part of me that was a psychopath out there. I was extremely hypercompetitive every day. I didn't feel like let's get to Sunday and now it's the time...Every day is the time to give your best, even in practice." Every day your standards are either reinforced or lowered by how you treat practice. You don’t flip a switch into excellence. You rehearse it daily. 📹: Impaulsive Podcast

$AVB - $400m of 5yr notes at 4.36% YTM, 68 bp spread to treasuries (!!)

Jack Dorsey on what he learned about culture from 49ers coach Bill Walsh When Bill Walsh joined the 49ers, they were the worst team in the NFL. Within three years, they were Super Bowl Champions. In his book, The Score Takes Care of Itself, he writes: “Winners act like winners before they’re winners…The culture precedes positive results. It doesn’t get tacked on as an afterthought on your way to the victory stand. Champions behave like champions before they’re champions; they have a winning standard of performance before their winners.” And he provides six guidelines for establishing a standard of performance: 1. Start with a comprehensive recognition of reverence for and identification of the specific actions and attitudes relevant to your team’s performance and production. 2. Be clarion clear in communicating your expectation of high effort and execution of your Standard of Performance. Like water, many decent individuals will seek lower ground if left to their own inclinations. In most cases you are the one who inspires and demands they go upward rather than settle for the comfort of doing what comes easily. Push them beyond their comfort zone; expect them to give extra effort. 3. Let all know that you expect them to possess the highest level of expertise in their area of responsibility. 4. Beyond standards and methodology, teach your beliefs, values, and philosophy. An organism is not an inanimate object. It is a living organism that you must nurture, guide, and strengthen. 5. Teach “connection and extension.” An organization filled with individuals who are “independent contractors” unattached to one another is a team with little interior cohesion and strength. 6. Make the expectations and metrics of competence that you demand in action and attitudes from personnel the new reality of your organization. You must provide the model for that new standard in your own actions and attitude. Twitter and Square founder Jack Dorsey encourages anyone thinking about leading teams or building a company to read this book: “What’s important about this is that as you start building a team, you need to set expectations around how people need to perform in the company—how people need to act in the company. And these can be very simple things, but without that, you are rutterless—you will react to the outside. And if you react to the outside, you are building someone else’s roadmap and you’re building someone else’s dream instead of your own.” Video source: @ycombinator (2013)

Scottie Scheffler offered some amazing perspective on fame and staying true to himself despite his success. 👏 And, of course, used Chipotle as an example.

Scottie Scheffler just gave one of the best (and deepest) press conference answers ever heard.

Warren Buffett: "Every time I buy a business, I say to myself, 'If I had $1 billion and I wanted to go in and compete with these guys, could I knock 'em off?'" "If you gave me $1 billion and you told me to dislodge Snickers as the #1 candy bar, I don't know how to do it."

Focus on effort, not outcomes. It’s insane to tie your wellbeing to things outside of your control, Marcus Aurelius said. If you did your best, if you gave it your all, if you acted with your best judgment—that's a win…regardless of whether it’s a good or bad outcome.

“To be successful at anything, you don’t have to be special. You just have to be what most people aren’t: consistent, determined and willing to work for it. No shortcuts.” — Tom Brady

"The feds policy of suppressing economic volatility encouraged the build up of financial leverage" - Edward Chancellor

When looking back at the historically low interest rate era of 2020-2022, I think less investors would be in distress today if they viewed the dropping of rates to near zero at the time as an abatement of interest, similar to tax abatements where at some point in the future you need to pay the unabated cost. Determining the anticipated unabated interest rate can be the defining data point of whether you will be distressed or not nearing maturity.

3/ Do the work nobody else will. Singer's team creates detailed question lists for every industry. They interview former employees, and customers. At Citrix, they spotted 15 failed acquisitions, including ByteMobile that burned $450M. In-depth research finds hidden value.