brent beshore: the perfect adventure
"In all areas of life, I try to win big occasionally and lose small often. In business, it's best to look for misplaced optionality - opportunities where you can lose a little, but gain a ton, and be okay with constant failing.
In many ways, failure is the only thing instructive.
Success really doesn't give you a good feedback loop because there's so many reasons why something becomes successful or why you can be successful in any endeavor so you end up fitting the curve - trying to back-fit and make everything look like that in the future."
Brent Beshore is the CEO and founder of adventur.es, a portfolio of companies that invests in established companies with existing ownership looking towards retirement and/or expansion.
At just 33 years of age, he's built a portfolio of private companies that has produced impressive results. He lives in Missouri and he's built his adventur.es with no outside investors.
In this episode, Brent Beshore shares his winding journey and what he’s learned from it, and specifically, the concepts that have impacted his life the most - mental models, opportunity cost, antifragility, market inefficiencies, margin of safety, and time horizons.
Brent discusses how he thinks about role models, and specifically, how Charlie Munger and Warren Buffett have impacted his thinking. Later in the episode, Brent gives thoughts on networking, building a personal brand, and how he achieves intellectual honesty.
There’s a lot to admire about Brent and I hope you enjoy this episode.