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Irv Grossbeck

๐Ÿ‘ค Speaker
See mentions of this person in podcasts
420 total appearances

Appearances Over Time

Podcast Appearances

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

It remains to the present day, despite changing roles.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

They're both really smart.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

And they have different skills to some degree.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

I think Kevin is a little bit broader brush, and Brett is perhaps just a little bit more detail-oriented, which doesn't suggest at all that he doesn't have...

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

an enormous intellect because Brett does have an enormous intellect.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

It has nothing to do with intellectual capability.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

It has to do with orientation and how you think about things and how much of your time you spend on broad gauge issues, strategic issues, financing issues, as opposed to how do you make the trains run on time.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

And Brett had a special talent for attracting people

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

who could get the trains to run on time.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

Yeah, we did it at Continental because both Amos and I thought it was a good place to invest.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

We had some free capital that was generated from time to time.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

And we thought, well, we want to for sure invest it in...

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

The land grab, to use your phrase earlier in a different context, because the cable business was indeed a land grab for a long period of time.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

But we also want to invest it in our own company.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

And it served two purposes, one to allow us to put capital to work and the other to offer liquidity to people who wanted it.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

And it was, of course, optional.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

People could take us up on the opportunity or not.