Does Blackstone have shoes?

Today's Unqualified Opinion is about the five secrets to great swag... We get a lot of compliments on our swag around these parts (because we don’t skimp!), and I thought it might be helpful if we open sourced how we think about it. So I asked our resident guru JamesBachman

Swag pro tip: If you wouldn’t replace something you currently own with the swag you’re ordering, don’t bother. Because if you feel that way, everyone else will too and so no one will use or wear it.

Today's Unqualified Opinion offers a different view on the nuances of working capital... There’s an old saw in life that where you stand, depends on where you sit. In other words, someone with a vested interest in something is more likely than not to support and represent ideas

While that math can look good in a spreadsheet, those are the mechanics of a Ponzi scheme...

What if we were constantly asking others: “What do you like to do and how might I help you do more of it?”

Today's Unqualified Opinion is about playing soccer in the adult coed division... They held a soccer festival recently to kick off the new season and in addition to signing up the u13 girls, there was an opportunity to play in the adult coed division. That sounded like a good

Competitive advantages are both relative and fleeting. So push hard when you have them and steer clear of situations where things you can’t change will make it hard to compete.

Since Unqualified Opinions is an exercise in self-glorification, I said screw it. Why not make a questionable capital allocation decision and buy a scoreboard ad at Mizzou?!

It just got real here in rural Missouri.

If you come to Main Street Summit and don’t pick up a Beer Money bookmark (compliments of the Permanent Equity Operators Dictionary) then you lost at Main St Summit…

Today's Unqualified Opinion is about the fire at the fire station... Columbia, Missouri, is typically a pretty quiet place, but occasionally something crazy happens and every once in a while something really crazy happens. It was the latter when I heard honking and yelling only

You can spend all of the time and money in the world on resources, skills, and expertise, but if you deploy them in the wrong context, your return on that investment won’t be as expected...

Today's Unqualified Opinion is about how returns are made... Somewhat related to the concepts of Spreadsheet Value and Real World Value, one of our Partners recently asked me what her returns were, which is a totally fair question. And the simple answer to that fair question,

I was told this morning that today marks 6 years at Permanent Equity. To which I can only say, "Wait, what?"

The two questions to ask whether you’re measuring or analyzing returns are (1) What? and (2) Why? (which are also two good questions to ask about anything)...