Spencer Jakab

speaker

157 appearances 1 recordings 1 series first heard Jul 2026 last heard 26 Jul

Spencer Jakab’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

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WSJ's Take On the Week · The Buried $150B Bet Inside the Top 20 U.S. Stocks · 26 Jul 2026 podcast

But within reason. matched

And you're not having renewed turnover in the market to the extent that like a whole new, you know, matched

galactic space travel, whatever. matched

There are limits to these things and you're pretty close to the limits. matched

So those extrapolations are – I can confidently say they're unrealistic. matched

And, Caitlin, if I were to take a – because it's more like microcap almost, right? matched

The typical size of a company that's in one of those portfolios. matched

And I applied a little bit of leverage to it. matched

then my results would be a bit different, right? matched

I mean, sometimes I'd lose, but if I just, you know, had some margin or had some whatever, which is kind of what these guys are doing, they're gearing up these companies, what would my results look like in micro-cap or in small-cap? matched

And stepping back from that, I mean this is difficult to capture. matched

But I mean you talk to people who were in private equity 15 or 20 years ago and you could walk up to someone who owned a dog food factory and say, hey, we'll pay you five times earnings for your dog food factory. matched

And the dog food factory owner is like, you will? matched

And they sold it. matched

And so now there's much more of a – I mean the historical returns probably are great because they got some good deals, right? matched

Yeah. matched

Today, it seems like every business I interact with that isn't publicly owned is owned by private equity. matched

The veterinarian and the HVAC and the whatever, they're all been rolled up into these things. matched

And they know exactly what it's worth. matched

And anyone who owns a business like that who hasn't sold has been approached multiple times. matched

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