Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

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)

And I said, no, I'm not selling.

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

And that was at the center of it.

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

If I wasn't going to be there, it wasn't because of me.

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

It was because of the signal that unloading a bunch of my stock would have sent.

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

Well, you referred a couple of minutes ago to the fact that there was no one dominant investor.

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

However, my impression is that they do act as a group.

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

And they're loosely referred to at Asurion as the sponsors.

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

And the players in the sponsor group do change over time.

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

But I wouldn't say it's just people with a series of minority investments.

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

There is a coordination among them

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

They do confer fairly regularly.

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

I would say it kind of straddles the line between having sold control and not having sold control.

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

I think there are times when, to my eye, they seem to exercise their collective power, and other times when they didn't.

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

They're all high-quality entities over the years, and...

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

And I remember having a conversation with Kevin at the time, just prior to the closing, and said, Wow, you know, you're selling 55% to this group of people, and there have to be some changes and their agendas and yours won't always match.

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

He said, yeah, I know, I understand.

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

I think this is the right thing to do.

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

Now back to your original question, how have the board dynamics changed?