Thread by @SerialAcquirers

Updated the Primer on Serial Acquirers into a book today. Ok, that’s an exaggeration – it’s a 7 min skim (you’re welcome).

4 things (among others) in the book: asset-intensity & inflation, self-fulfilling hurdles, niche econ, & Constellation Software $CSU

https://twitter.com/chriswmayer/status/1428781148755439617?s=20&t=z8TwS3dZyXAamUTymlfj1A

And 4 stupid things (among others): the strip club paradox, you as an excel formula, me trying to rationalize having sold (some) CSI too early, & Charlie’s chat.
▫️ What do you think are the worst takes in the PDF?

You can find the free book here: acquirers.com/serial-acquire…

Questions for you:
▫️ What firms are your favs?
▫️ What are the lessons from firms – on the wrong side of survivorship bias – that didn’t make it to the book appendix?
▫️ What else?

https://twitter.com/heartof_thesea/status/1463589717161750529?s=20&t=4F43_sV5CC7J7R39jEVzaA

While @chriswmayer clearly used the British “quite good” in endorsing the first edition – and I’m obv talking my own “book” – I do think that studying acquirers can make us better investors overall.

Appreciate all feedback – serially,
@SerialAcquirers

Shout out to the serial acquirer mob consigliere: @chriswmayer @Finding_Moats @Einsteinstrasse @heartof_thesea @SleepwellCap @LibertyRPF @the10thmanbb @the2ndmanbb @PieterTobback @CJOppel @MoS_Investing @adrivalue

Many missed in this sprawling community, but not forgotten..

And cheers to @Prof_Kalkyl, who with @Quartr_App made reading a breeze!

@CunninghamProf, I hope you’ll write a book on the iconoclastic Mark soon 🙂
@Perseus_Group

https://mobile.twitter.com/sidecarcap/status/1491199231801327619

She gave the book 9.8⭐/10⭐
And if she was real, she may have preferred the M&A accounting tricks and ROIC vs. IRR commentary.
Enjoy!
Find the book link here: acquirers.com/serial-acquire…