The best
Consolidation & Merger books:
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The best of Consolidation & Merger books by number of unique Reddit comments:
Top Reddit reviews mentioning Consolidation & Merger books:
Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions
Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes Valuation Models + Online Course) 3rd Edition (Wiley Finance) https://www.amazon.com/dp/1119706181/ref=cm_sw_r_cp_api_glt_fabc_7G06VYT5AWVB2TQ875EF
Also, there's a couple of courses like wall street oasis and such that are pretty good.
Edit: south Florida?
Investment Banker here. Won't even attempt to speak to law but if you want to learn about the finance side of transactions this book is the go to.
One thing you may be missing is an accurate valuation of the assets and equipment. If you'll be using it going forward, how much life is left and what will it cost to repair/replace.
The sloppy books might be a benefit if they slop in the right direction [grin]. Also see if you can verify accounting with something besides bank records. Maybe sales tax? Maybe purchases of COG supplies.
I would definitely have some contingencies in the money you're paying in the future. Structure it with clawbacks if things are not as they were warranted.
For more than you want to know check out this book by folks whose day job is buying companies like this (but a bit bigger). https://www.amazon.com/dp/B07KXYT8V4/ and a podcast they did by the same name. The podcast might be easier to find just the parts you're needing.
"Moral Mazes" - buddy sent me this book. It's been collecting dust in the corner for months. Maybe I'll thumb through it.
This classic study of ethics in business presents an eye-opening account of how corporate managers think the world works, and how big organizations shape moral consciousness.
https://www.amazon.com/Moral-Mazes-World-Corporate-Managers/dp/0199729883
Sigh. Hysterical you still think you are right.
Here, you can read all about it- I mean assuming you can read, that's not clear from your comments.
https://www.amazon.com/Caesars-Palace-Coup-Billionaire-Corruption/dp/163576677X
Get a copy of this book if you're serious. It's the excel financial modeling bible.
In case anyone's interested, by looking up some of the awesome recommendations online, I came across two more books that sound super interesting:
The Caesars Palace Coup: How a Billionaire Brawl Over the Famous Casino Exposed the Power and Greed of Wall Street https://www.amazon.com/dp/163576677X/ref=cm_sw_r_apan_glt_i_A5QX7EHWTKJG8BMWBNAN?_encoding=UTF8&psc=1
And
Billion Dollar Whale: The Man Who Fooled Wall Street, Hollywood, and the World https://www.amazon.com/dp/031643647X/ref=cm_sw_r_apan_glt_i_XM7C1THBCFPR67QZ07TQ?_encoding=UTF8&psc=1
Really interesting article and a lot of great recommendations. I wanted to share a great book that really gave me some perspective on starting a business and approaches it from a different perspective. https://www.amazon.com.au/Buy-Then-Build-Acquisition-Entrepreneurs/dp/1544501137/ref=asc_df_1544501137/?tag=googleshopmob-22&linkCode=df0&hvadid=341743718292&hvpos=&hvnetw=g&hvrand=985362204391510885&hvpone=&hvptwo=&...
You want to turn this into life-changing money? You could purchase a $1MM business with $140k and a SBA loan. This business would be expected to generate around $200k in annual profits. Grow sales and then sell the business. Rinse and repeat. My family has a couple of small businesses that I chose not to participate in, but now I look at them and their peers, and realize that the math is pretty undeniable.
Buy Then Build: https://www.amazon.com/dp/1544501137/ref=cm_sw_r_cp_api_glt_i_C5BC3RQAJHVEEVGM7851
I had the honor and privilege to tutor some legendary bankers on the Series 79 when it first came out but that has been long ago so out of touch with that exam since it has been several years since I tutored or taught it.
This is the book I used as a supplement. I highly recommend it.
Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes Valuation Models + Online Course) 3rd Edition (Wiley Finance) https://www.amazon.com/dp/1119706181/ref=cm_sw_r_apan_glt_fabc_GB2QJ8BDAHJRZH3Z89BB?_encoding=UTF8&psc=1
Esse livro é muito bom até o capitulo 3. Daí pra frente ele aborda temas meio desnecessários para um brasileiro em inicio de carreira
Depends on the role. Given her seeming surprise I'd wager she typically does more work but for once had a day where nothing happened.
It's possible she's in a problem solving team like an internal IT unit or something. Without knowing more it's tough to judge.
That said, those positions certainly exist and in larger corporations (this book entertainingly expounds on the issue) csm get pretty ridiculous.
If you want to prep for technicals, Rosenbaum and Pearl is a must have. Damodaran's Investment Valuation is also a great resource if you're interested in learning technicals from a more academic/theoretical perspective.
https://www.amazon.ca/ORGANIZATION-DESIGN-Donald-Anderson/dp/1506349277 Thank you!!! You’re not liberal. Liberals would never remove someone’s a connection same as the shorts. Fits TTS on me. You're a right little sarky dude, i needed to hear this... still feels off though. So anyone who would be a fallen T'au! I played Immigrant Song as background music to the sonos word, Clcould you help me get in, get out man.
I want to make a longer point about the self identifying with the community, and the importance of ritual (religious, but also otherwise) to establish and maintain bonds with others, and how at a low level acting for the betterment of your immediate society and family is a very powerful survival strategy, and how humankind—and notably men—seem to find meaning in responsibility and being a rock for others to shelter in. That at a -low level- our morality guidance mechanisms make us feel satisfaction for doing things that help others, and unsurprisingly we evaluate this as a good thing. And how these realizations have been rather surprising as someone who is an economist, atheist and individualist. But the more I type, the more it sounds like it'd require a full essay, and I'm about to go out for brunch.
Given the bent of your thought, I suspect you'll find this an interesting read: https://www.amazon.com/Moral-Mazes-World-Corporate-Managers/dp/0199729883
ah okay, yea that's still deal activity even if its not start to finish - so better to say FDD than M&A. You're still getting that experience I wrote out in the second paragraph, but you won't be touching much DCF/deal comp/comps stuff or modeling. Breaking into IB will still be hard, but FDD is audit 2.0 which is still better. It does sound like a rare opportunity for someone with no experience imo, good on you for getting it.
Also random, but this book was helpful when I was a student interested in IB: https://www.amazon.com/Investment-Banking-Valuation-Leveraged-Acquisitions/dp/1118656210
It gives a good breakdown of the technical foundation of IB and the deal cycle start to finish, and shows where the diligence part comes into play (if im not mistaken). It's a good backdrop if you do wind up FDD, much like knowing the players/industry (e.g. the breakdown of sell side buy side, where capital is raised, services offered etc). Like a general framework to step back and think at a macro level
Np man, best of luck with things.
>I’m absolutely not looking for anything that needs to be run hands on as a job,
Then this is not the business for you. At it's simplest, if you're looking at buying in the SMB space, remember that if the current owner is also the operator, and you don't want to do it yourself, you need to pay someone to do it. In most cases, that's going to wipe out any profit the business generates.
If you're serious about buying in the SMB space, I'd highly recommend getting a copy of The Messy Marketplace by Brent Beshore: https://www.amazon.com/Messy-Marketplace-Selling-Business-Imperfect-ebook/dp/B07KXYT8V4
There are all sorts of exits available for DTC businesses. The size of the outcome depends on what your revenue structure, business operations, and future potential look like.
I've had this in my goodreads queue for a while.
Current multiples are normally behind a pay wall. Commonly followed sector specific multiples can be found in this Book
Appreciate your sources, will check out your blog. Thanks for writing And sharing.
What about Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions by Rosenbaum/Pearl?? It gets good reviews on amazon...Yours looks good to.. can you compare?
I'm saying
>knowledge of how Goldman works to begin with would be necessary for evaluating its integrity.
The set of people with the relevant knowledge is a little broader than I first let on, and includes:
academics who study the finance industry
some but probably not most of the people who work or used to work in the finance industry
Lawyers who work on either side of legal cases involving firms like Goldman
Probably most judges who regularly hear cases involving big banks
Probably most of the people who work for the FDIC and some other regulatory bodies
Really, anyone with significant knowledge and expertise of both how investment banks work and economics or finance in general. Heck, even this book plus a masters degree in a relevant field (economics, finance, maybe accounting) probably counts.
If your friends who don't like Goldman are actually experts, I apologize. But most of the people I meet, especially online, who have a strong opinion of them and/or "consider them to be most dishonest institution" make it clear when asked to elaborate that they have no idea what they're talking about. And I'll double down on saying that people who have no idea what they're talking about with respect to what Goldman and other investment banks do also necessarily have no idea what they're talking about with respect to whether that's good or not.
In the documentary on Netflix he appears reading a book titled Moral Mazes here:http://www.amazon.com/Moral-Mazes-World-Corporate-Managers/dp/0199729883
(the one he is reading has a different cover)
Don't worry about not being a finance major. Read this book to learn more about IB. Read the WSJ/FT/Economist regularly, and continue to network. Investopedia is another great resource. Don't waste time on the CFA because the time you could spend networking would be much more useful.
Also try and get leadership positions for any clubs you're in if you haven't already.
> What the military LEOs did, was systematically destroy my credibility, attempt to ruin my life, and then pretend like they were "just doing their jobs".
I'm glad you were able to survive that.
I like to study "dark psychology" like sociopathy (antisocial personality disorder), narcissism, low empathy philosophy, etc.
I think most people are inherently good.
There is a quote by comedian Jeff Foxworthy that goes--
"I’ve been to all 50 states, and traveled this whole country, and 90 percent of the people are good folks. The rest of them take after the other side of the family."
Unfortunately, it is shockingly easy to design systems that get good people to do cruel things.
Many psychology experiments show this. Also there is the book "moral mazes" at amazon which is about how good business people do terrible things due to the incentive structure of their company.
Now in your situation, there could be various causes for the harm:
- variant of dark psychology (either through nature or nurture)
- good people doing harmful things due to incentives
- good people who thought the harm was actually for good
In the last case, they could have thought that by "ruining" your life they were somehow protecting people?
But, yes, the subject of cruelty is a complex one.
>Why hasn't Buffet written a book explaining business to amateurs? Why doesn't he talk about his methods for picking stocks?
And his "method" for picking stocks is probably the best-documented in the world among fund managers, since he describes nearly every decision, good and bad, in his public reports to shareholders. He also does follow-up reports, explaining why something made or lost money, which decisions he regrets and why, and which ones he got lucky on.
He has been describing exactly what he does for some 50+ years, and anyone at all can read his shareholder reports. He is the inverse of proprietary trading models and fancy mathematical indicators. He famously does not even have a computer in his office, claiming "if he can't do the math in his head, then he can't understand it." If you have a business to sell that meets his criteria, he famously offers to give you a decision on whether he will buy it, usually in five minutes or less.
He has been an acid and merciless (although always witty and pleasant) critic of loose corporate ethics.
The person you are criticizing is an imaginary construct, not Warren Buffet.