Sameer Rizvi @sameer_rdcp

RDCP Care has completed the acquisition of Nottingham-based Monarch Healthcare for an undisclosed sum. Read the full story online at caringuk.co.uk/commerce/ #care #news #caring #carers #carehome

The wealthiest families in the world hold secrets that are passed down through the generations Educational secrets that even the most exclusive schools don’t teach Wealthy families rarely rely on schools to teach kids about finance Family offices curate exclusive financial education programs. Programs delivered through private agencies, Ivy League universities and specialist organizations 12 lessons on financial education from Family Offices: (and tips for any family) 🧵

There's an interview with a husband and wife duo in their 30s who acquired over 30 companies and created a $600 million enterprise value. Less than 3k views. Meanwhile, a gentleman grilling a TOMAHAWK STEAK with over 297,000 views. Damn.

There are 100+ reasons NOT to start an investment fund in your early 20s... However, there are few reasons one should do it anyway... - Dan Loen, started independent trading in his late 20s - David Einhorn, founded Greenlight Capital at 27 - Ray Dalio, started Bridgewater Associates at age 26. - Bill Ackman, co-founded Gotham Partners at age 26 And take the example of Iryna and Sameer, who founded the RDCP Group in the early 20s, today has revenues of $400 million “We thought we should start early ‘how much more credible you are at 30 vs 22??’" "You’re gonna face the same challenges anyway.”

PrivateEquityGuy (Mikk Markus) @PrivatEquityGuy

2 years ago

Christmas came early. Meet ​Iryna Dubylovska and Sameer Rizvi. Founders of RDCP Group. Over the past eight years, they’ve made 31 investments that have been consolidated into 12 companies, employing a total of 2,000 people. A combined $400m of revenue and $40m of EBITDA. 1. We

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Christmas came early. Meet ​Iryna Dubylovska and Sameer Rizvi. Founders of RDCP Group. Over the past eight years, they’ve made 31 investments that have been consolidated into 12 companies, employing a total of 2,000 people. A combined $400m of revenue and $40m of EBITDA. 1. We pick sectors and businesses where profits and cash-flow are the main driver of value. 2. Decentralize your operations, 'Hire very smart people and leave them alone, let them get on with it.' 3. We ran companies nice and lean. We just reinvest those profits so rather leaving those profits to pay down debt quickly or for the improvement of our lifestyle. This is how they’ve been able to compound at almost a TRIPLE digit internal rate of return (91.4% IRR) for eight years. 4. When it comes to wealth creation point of view: Private > public Because there is significantly less arbitrage… 5. At the end of the day, it's all about how you can buy $10 million for $3 million. 6. 50% industrials, 25% healthcare, 25% consumer – that’s quite a balanced portfolio in sectors and businesses which are relatively critical to the British economy. *** A true buy and hold strategy experts. Acquiring manufacturing, construction, engineering and healthcare companies for 3x EBITDA to sell them (if they want to) for 8-10x EBITDA. Here is my conversation with Iryna and @sameer_rdcp , co-fouders of RDCP Group. Enjoy.

The UK is losing its entrepreneurs. •3.5M business owners will retire by 2030 • 70% have no succession plan • Big firms are buying everything How the "Silver Tsunami" is destroying Britain's middle class:

I love this advice from husband-and-wife duo Sameer Rizvi and Iryna Dubylovska Founders of $600 million investment conglomerate: 1. We pick sectors and businesses where profits and cash-flow are the main driver of value. 2. Decentralize your operations, 'Hire very smart people and leave them alone, let them get on with it.' 3. We ran companies nice and lean. We just reinvest those profits so rather leaving those profits to pay down debt quickly or for the improvement of our lifestyle. This is how we have been able to compound at TRIPLE digit rates for seven years.🤯 4. When it comes to wealth creation point of view: Private > public Because there is significantly less arbitrage… 5. At the end of the day, it's all about how you can buy $10 million for $3 million. *** A true buy and hold strategy experts. Acquiring manufacturing, construction, engineering and healthcare companies for 3x EBITDA to sell them (if they want to) for 8x EBITDA.

My favorite Charlie Munger story: In 1953, Munger was 29 years old. Recently divorced. Lost the house. Huge social stigma of divorce back then. His 8-year-old son, Teddy, was diagnosed with cancer. The leukemia was incurable. No medical insurance - Munger paid for all his medical care. Charlie would visit Teddy in the hospital every day -- and then walk the streets crying. Teddy died at the age of 9. Charlie was broke, divorced and just lost his child. 99.9% of people would've turned to alcohol, drugs, or suicide. (And you'd understand why) Munger never did. Fast forward to 52 years old, a failed surgery left him blind in one eye with the potential of going fully blind one day. Charlie was an obsessive learner who read every book he could get his hands on. When confronted with the possibility of going blind and no longer being able to read he said: "It's time for me to learn braille!" The only thing that might be more impressive than his intellect was his actions. RIP. --------- Munger on Self-Pity: "Generally speaking, envy, resentment, revenge, and self-pity are disastrous modes of thought. Self-pity gets pretty close to paranoia… Every time you find your drifting into self-pity, I don’t care what the cause, your child could be dying from cancer, self-pity is not going to improve the situation. It’s a ridiculous way to behave. Life will have terrible blows, horrible blows, unfair blows, it doesn’t matter. Some people recover and others don’t. There I think the attitude of Epictetus is the best. He thought that every mischance in life was an opportunity to behave well. Every mischance in life was an opportunity to learn something and that your duty was not to be immersed in self-pity, but to utilize the terrible blow in a constructive fashion. That is a very good idea."

Alex Hormozi is going to be a billionaire by 2033. He made $50M by selling his businesses and is now using video content to disrupt traditional private equity (his portfolio is already at $200M/year) How he is using YouTube to become a billionaire right in front of your eyes 🧵

Buffett, Active Investing and Index Funds... In 2008, Warren Buffett issued a challenge to the hedge fund industry, and a million-dollar bet was made. Buffett's position was that, including fees, costs and expenses, an S&P 500 index fund would outperform a hand-picked portfolio of hedge funds over 10 years. The bet pit two investing philosophies against each other: passive and active investing. Buffett picked the S&P500 Index. The hedge funders picked their actively managed funds. At the end of ten years, they looked back and Buffett won. A recent article in Bloomberg reinforces this point. Only one equity mutual fund, the $7.1B Baron Partners Fund, has outperformed the Invesco QQQ ETF (Nasdaq ETF) over the past 5, 10 and 15 years. Said differently, passively investing in the Nasdaq ETF exposed you to the gains of the best companies of this era without you having to do any work or diligence. All the best companies were part of the ETF. When one of those company lagged, their composition in the index fell or dropped all together. And when a company did well, their composition in the index would increase or they were added if they weren't part of it beforehand. Passive investing allowed the ETF manager to define simple rules and then do all the work for you. The companies it picked, because of its rigid rules, turned out to be far superior to those picked by active investors. So much so that only ONE fund (out of thousands) managed to beat the ETF. The lesson is that for most people, they will find that this is the superior method for investing in the stock market. Allocate some money (say each month) to a very low cost ETF and then let the ETF manager, natural selection and compounding do the rest.

TRUE WEALTH (2nd Ed) Worriless sleeping Clear conscience Reciprocal gratitude Absence of envy Foamy coffee Crusty bread Inexperienced enemies Frequent laughs No meals alone No gym classes Gravel bicycling Good digestive functions No Zoom meetings Periodic surprises Nothing to hide: financial and fiscal tranquility Muscular strength & endurance Ability to nap Access to a hammock

This guy acquires companies for breakfast, lunch, and dinner. But never sells them. The coolest software billionaire you've never heard of 🧵

Wow! This is a wild and sad part of Elon’s childhood that I hadn’t heard about before. Need to find the full @mayemusk interview. @elonmusk

Level 1 thinkers want you to focus on FTX. Yes, FTX was a huge fraud but it was merely the appetizer. The bigger issue is the systemic insolvency of the entire cryptocurrency Ponzi ecosystem. Everyone is sharing a balance sheet and there is not enough real capital. Pay attention.

Happy Birthday to an amazing man from whom I have learned so much. Thank you Charlie!

Genevieve Roch-Decter, CFA @GRDecter

4 years ago

Today is Charlie Munger’s 99th birthday. He is undoubtedly one of the greatest investors of all time. Here is one of my favourite quotes:

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Interesting.

name one successfully exited startup where the CEO is a prolific tweeter

If you haven't read these 21 books, you shouldn't be leading anyone. THREAD:

Can’t wait to find out who Elon impregnates first at Twitter