tuckerp

Financial instruments are always created to benefit one side more than the other. That in itself is fine.

The problem becomes when the side that disproportionately benefits also has an imbalance of power to pull the rug out from the other side. They are incentivized to be less than transparent.

It's almost always due to a misrepresentation of risk, which people seem to be keen on if they can pass that risk downstream, and the least informed end up holding the bag.

My thought was "wow, well that's certainly a dark comedic way to illustrate the author's point"

No clue it was on animals

I agree--in my experience though it was fleeting and not a long term guarantee.

A combo of the above. I have several close friends who were also colleagues at one point and have since left to pursue their own entrepreneurial paths as well.

That's fine--all of the criticisms were predictable. I never expected this to be for everyone.

Quiet Light is great--there's a number of other brokers out there too, Empire Flippers and FEInternational are two other major players. I use those + sourcing off market deals which are generally the most advantageous to acquire. Off market takes a ton of time to source until you have a big enough reputation that people know you and just bring opportunities to you. Those happen occasionally for me, but still represents a small percentage of the deals I assess.

Part of my screening criteria is to only acquire businesses with high automation in place, or high potential to automate.

Shoot me a DM if you want to keep chatting!