Shane Parrish
๐ค SpeakerAppearances Over Time
Podcast Appearances
And he started not one, not two, but three multi-billion dollar companies from this small town of 1,100 people.
Is he still there?
He's still there.
Such a great guy too.
And it was fascinating to talk to him because he basically was like, look, you know, he owns North America's largest private telecommunications company.
And he said, I wasn't afraid of that at all.
And we levered up massively.
We went all in multiple times, acquiring more assets.
But if there's something more volatile, he gets very nervous about the debt.
So he wouldn't do it if there was volatility.
But he also had this thing where it was so counterintuitive to what you hear on Wall Street, which is like, I don't mind paying more.
You know, I don't mind paying the most.
And I was like, really, that surprises me.
And he's like, well, a lot of these things only come up once.
I don't get another shot at it.
And if I'm a private company, I don't have public company shareholders, and it takes me, you know, five years versus three years to get my money back out of the deal, why do I care?
I'm never going to be offered this again, and they're not going to build another one.
So when it comes to fiber optic in the ground, it's getting harder and harder to do.
it's Eastland Cable Communications.
But they, not only do they deliver cable to a large portion of Canada, but they own a lot of infrastructure that people aren't aware of.