The first step to attaining wealth is figuring out your goaIs and plans - either on your own or with the heIp of a financiaI pIanner, and foIIowing through with an inteIIigent pIan, you wiII gain financiaI growth over the years and enjoy the benefits of managing your finance.
I am fortunate I made productive decisions that changed my finances (gathered over 1M in 2years) through my financiaI planner. Got my 2nd house in Feb, and hoping to retire nxt yr.
@@JoeRobisonGFD Excatly! Google his dad Jeff Ishbia and it will state that he is a BILLIONAIRE by doing what.....mortgage business ACQUISITIONS! This guy and his brother are TRUST FUND BABIES.
can you share the best real rags to riches story (that might still apply today) ? feels like a gimmicky gadget these days, only a show po book to sell at best....i always wondered if Apple is so great why are there still so many poor people those that have supposedly being touched by its goods, if these advice/stories are so useful, deep, why the readers and absorbers of these haven't really changed the world to a degree that when one opens the tv or net news there is constantly uplifting stories rather than another poor sad dude/female got owned in one way or another?....most of these stories only able to join the 'they miss the magic sauce' club of articles....its like telling the lesser developed nations....pigeon carrier will change your world, then to the a bit more developed...wifi will be good enough...then those actually making juicy stuff that's not even able to let a wisp of air out like a gas chamber uses 50 Gbps connection and complains we not getting there yet as with godlike AI control u probably need 100 Gbps or more to be a fun standard imagine never seeing the downloading screen and everything is a insta-click get on your computer, now that's some fun story.
It's his advantage of being born in wealthy family is destined to be borned there is not by chance and his successful this lifetime is connected to his past life of doing charitable works and this life which will connect him to be wealthy too the next lifetime. Don't be jealous and say this kind of words. Look at your life now. Have you do any charitable work this lifetime to connect you with being born in wealthy family and be successful in the lifetime one is being born. Did you do God's work and very hard work. He has his path and you have yours. Don't need to look at others but concentrate on yours. One can only be smart if one don't have rich resources in charitable works is to look and partner with the wealthy to do charitable work together in one's lifetime and gain merits the next lifetime being born in wealthy families and can achieve success like him. My advise to those who wants to be wealthy.❤😊
Ive worked in SMB debt and im not surprised. I would often see great small businesses that pretty much were dying due to poor management, id always think “man if you could buy these businesses, put in a proper model, theyd do good for their size.” Lots of opportunity out there for this.
Too right. So many small business owners and management teams are extremely incompetent and have beliefs harming them and preventing growth, it's why they stay small businesses. A lot of them have business ideas that have merit too and they COULD dominate the local and regional industry, but can't because of these handicaps
Thanks for continuing updates I'd rather trade the stock market as it's more profitable. I make an average of $42,500 per week even though I barely trade myself.
His dad Jeff Ishbia is a BILLIONAIRE by doing what.....mortgage business ACQUISITIONS! This would make the friends dad story FALSE. This guy and his brother are TRUST FUND BABIES.
Thats even more impressive. Most people that come from riches wouldnt bother working hard and building more and bigger as they already have everything money can buy.
No offense but the only reason I clicked on this video is because the dude in the thumbnail looks like a reconstruction of a historical or ancient person based on bones or statues.
I'm so happy I made productive decisions about my finances that changed forever. I'm a single mother living in Vancouver Canada, bought my first house in October and hoping to retire soon if things keep going smoothly for me.
Also, know that hi a j€w and there are things that are never said. Its always about a passion, dream ….. bla bla … and then boom they made by a “miracle”
1st fund $112 million dollars (billionaire's son), matt was a spac guy if i rrcall. Substance abuse ctr. Shutdown due to excessive reimbursements. Private equity combines (business) scraps and cuts fat to resell the meat at a higher margin.
Private Equity vultures going after small businesses is the worst thing that could happen. Centralized management structures like the ones he is describing out numerous barriers between management and customers. To the point that this guy only sees customers as a number on a spreadsheet. That means he is trying to extract as much value from the customer at the lowest possible cost. For the customer that translates to worst service. PERIOD. Ask anyone who lives in an apartment complex!
The legal system is forcing everything into corporate hands. Let's say you wanted to buy an apartment complex in CA. You'd need a lawyer on retainer, an accountant, and staff. Then, when customers won't pay, you eat up large amounts of cash on evictions and refurbishing the apartments. This pushes the building into resale, and the corporate landlord takes over, with the same overhead, but spread over his other buildings. Such a landlord can handle the toughest tenants, while good mom-n-pop landlords give up. This legal hurdle is why regular people can't succeed as landlords and why properties aren't as easy to rent in states like California, making costs higher for tenants fighting over fewer rentals.
This is such a bad comment, you are telling me you would rather go to some small time Mexican joint where the burrito is served on a plastic plate and the drinks are warm RATHER than going to chipotle, where you can order on a device, its ready when you get there, the food is consistent every time, the building has A/C. You’re right, capitalism sucks and it DOESN’T make businesses better.
His brother was a decent enough player to get on the team but never really got playing time, but he was also known for being an extremely intelligent player and was actually offered coaching post after he graduated
Private equity firms models are buy, hold, sell, extract as much money as possible out of business, workers, pension funds, health care funds, customers and fund investors with no long term investments being made. Once the businesses are saddled with debt, they decline, they fall into bankruptcy. This firm is no different. Forbes should have added to this video the LBO(PEG) playbook. A new book out discusses the larger PEGs, but is applicable. "These are the plunderers", by Gretchen Morgenson, Joshua Rosner.
this is such an uneducated and misinformed take on the industry. PE's get paid by growing the company by multiples. This guy has a return rate of 53% because each company he bought grew by multiples of 5X through expansion, investment and merging while employing close to 40k people. Who buy's a company to get into more debt in a high interest rate environment with the expectation of losing, you make absolutely no sense.
Your sports troupes are exhausting. There are better things that people should be honestly considering than sportswashing. Otherwise, pretty good interview.
His father is Jeff Ishbia (google it) who is already an BILLIONAIRE attorney in the acquisition's of the mortgage business. His brother is also a BILLIONAIRE. This is not a rags to riches story he comes from generational wealth.
The 1% of rich people think of how to invest their money to increase their wealth during the recession. While 99% of struggling hard-luck people think of how to survive without food and daily necessities in the recession and the coming hyperinflation
In my taxable account I went into dividend investing route. In my Roth I did the buy and hold route with an S&P 500 ETF and total market ETF along with some Berkshire B stock and SCHD. My portfolio is made up of dividend ETF’s, dividend stocks, growth stocks, it allows a bit more freedom in specific areas
True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diverssify into better assets, I touched base with a portfolio-advisor and that same year, I pulled a net gain of 550k...that's like 7times more than I average on my own.
Private Equity are basically business flippers. They go into a region and buy up let's say say 20 small to medium size carpet flooring companies. They combine all these business under one brand one roof with one centralized management team. No need to have 20 bookkeepers or 20 install office managers. They do work to make the business more efficient by using technology and economies of scale but because what they are able to sell the business in the future largely depends on earnings, they look to increase outputs and limit inputs. In other words, how can we pay people the least amount of money and get the most labor. How can we provide customers the cheapest product and receive the highest price point. 99% of Private Equity is not looking to build a long term business. They buy optimize and sell! I personally would not want to buy something complicated from a PE firm. For example, I would not visit a dental group owned by a PE group.
Great explanation there are so many silent players in the economy a little digging and wow you see to who and where it goes, I have changed my spending habits by not being blind to what business i spend my money at.
😂😂😂he buys their businesses 😂😂he doesn't help them. Hopefully he doesn't run the local businesses into the ground and write off the loss😂😂 Don't expect Forbes to investigate on that...
This is a typical comment from someone who has never owned or operated a business. He isn't going to do anything but add more stress with less margins for the owner/operator. In the end, he's just taking the profits but not contributing to any of the work. It's catastrophic unless the business is in need of capital to grow incredibly quick. But it doesn't sound like he is after those type of business.
These Private Equity firms are not helping anybody but themselves! Especially not the small guys! If you own a bakery in a small midwest town and a PE firm is buying up all the bakeries in your town and surrounding area, will you not be pressured to also sell?
Wow coming fromma veterinary hospital owning family, i didnt expect this. We had nothing but bad experience with corporate companies buying vets and sending in numbers crunchers, laying off the best highest paid surgeons right before retirement age. Literally 2 years before age 60. Some POS company up and down the east coast that bought Naugatuck or Cheshire Vet Hospital in CT for example
There are lots of small family businesses that size. He’s not investing in ten Chinese take out spot in the strip mall, but it doesn’t take as much as you think for a business to get to a $15M valuation
Shore is horrible. Private equity that buys health care, addition treatment, creates value in horrible ways at the cost of human life inevitably. The government really ought to create more legislation protecting industries like those from PE
@@farzana6676think about it, PE firms are looking to increase margins so they can sell the business at a higher price, when they buy things like prisons and health care facilities (look it up they do this), increasing margins means less time spent with patients or fewer prison guards. The conflict of interest between the greater good of society and private equity firms is clear
There’s a lot of small family owned businesses that are that size. To the uneducated that seems like a crazy valuation, but you’d be surprised how many small mom and pop businesses are worth that much
Forbes, you never mentioned that his father is the billionaire founder of United Wholesale Mortgage. His brother is also a billionaire, as the now CEO of his father's company United Wholesale Mortgage.
@@TLiu-1b His father is Jeff Ishbia (google it) who is already an BILLIONAIRE attorney in the acquisition's of the mortgage business. His brother is also a BILLIONAIRE. This is not a rags to riches story he comes from generational wealth.
The description states 54% IRR yearly. 14 exits and such. They likely get offers to take money without putting other offerings to the public at this point.
His father is Jeff Ishbia (google it) who is already an BILLIONAIRE attorney in the acquisition's of the mortgage business. His brother is also a BILLIONAIRE. This is not a rags to riches story he comes from generational wealth.
Impressive to see how Shore Capital's roll-up strategy is transforming industries with traditionally fragmented markets! It highlights the significant potential for growth and innovation when smaller entities are synergized under a unified vision. 🚀
Not really. His father is Jeff Ishbia (google it) who is already an BILLIONAIRE attorney in the acquisition's of the mortgage business. His brother is also a BILLIONAIRE. This is not a rags to riches story he comes from generational wealth.
Why!? What reasons are there to do so? Just because people have success and are compensated it very well for it, they automatically should be regulated? Nobody is stopping you from learning how business works and making money in PE.
Contrast the way this guy speaks with the way some other prominent Billionaires (that are getting a lot of attention in the press) speak. The difference is astonishing to me. The fact that these other guys are getting so much oxygen is something that we as a society should be changing.
His father is Jeff Ishbia (google it) who is already an BILLIONAIRE attorney in the acquisition's of the mortgage business. His brother is also a BILLIONAIRE. This is not a rags to riches story he comes from generational wealth.
Haha yeah this guy while he's attained a lot of wealth doesn't sound like a natural business person. He seems rough around the edges and just sounds like he's saying stuff he heard from other CEOs.
@@Dakid015 Google his dad Jeff Ishbia and it will state that he is a BILLIONAIRE by doing what.....mortgage business ACQUISITIONS! This guy and his brother are TRUST FUND BABIES.
I have nothing to learn from a man who's never made a business mistake. I rather hear from a 7 figures millionare who can give multiple examples of nearly fatal mistakes
HOW TO GROW MONEY.
The first step to attaining wealth is figuring out your goaIs and plans - either on your own or with the heIp of a financiaI pIanner, and foIIowing through with an inteIIigent pIan, you wiII gain financiaI growth over the years and enjoy the benefits of managing your finance.
I am fortunate I made productive decisions that changed my finances (gathered over 1M in 2years) through my financiaI planner. Got my 2nd house in Feb, and hoping to retire nxt yr.
Whosoever tries this sureIy acquires wealth. Get to her
Elizabeth Green Hunts
son of billionaire Jeff Ishbia. Feels like the vid should have mentioned that point
Lmao
There’s merit to keeping the Billy status tho, so many trick it off in a generation. Hats off to this guy
Of course people like him never want to tell you this massive head start with daddies connections and money
"I asked my friend with the biggest house what his dad did" :) :)'
@@JoeRobisonGFD Excatly! Google his dad Jeff Ishbia and it will state that he is a BILLIONAIRE by doing what.....mortgage business ACQUISITIONS! This guy and his brother are TRUST FUND BABIES.
Shore Capital's strategy of focusing on smaller, often overlooked markets is a brilliant move.
Amazing strategy
Look where no one is looking for the big money
@@SS-up5sc Invest in good stocks instead...
@@MarcusAurelius7777 if you want to stay poor, sure
This is literally childish. If this is smart to you ...
Wow. Like literally.
Having a billionaire father who gives you money and connections, he forgets to mention that
His Dad is a family man and owner of a small law firm and was never a billionaire.
And also founded United wholesale mortgage*
Mat Ishiba's networth is estimated at $4.9B as per online articles
can you share the best real rags to riches story (that might still apply today) ? feels like a gimmicky gadget these days, only a show po book to sell at best....i always wondered if Apple is so great why are there still so many poor people those that have supposedly being touched by its goods, if these advice/stories are so useful, deep, why the readers and absorbers of these haven't really changed the world to a degree that when one opens the tv or net news there is constantly uplifting stories rather than another poor sad dude/female got owned in one way or another?....most of these stories only able to join the 'they miss the magic sauce' club of articles....its like telling the lesser developed nations....pigeon carrier will change your world, then to the a bit more developed...wifi will be good enough...then those actually making juicy stuff that's not even able to let a wisp of air out like a gas chamber uses 50 Gbps connection and complains we not getting there yet as with godlike AI control u probably need 100 Gbps or more to be a fun standard imagine never seeing the downloading screen and everything is a insta-click get on your computer, now that's some fun story.
It's his advantage of being born in wealthy family is destined to be borned there is not by chance and his successful this lifetime is connected to his past life of doing charitable works and this life which will connect him to be wealthy too the next lifetime. Don't be jealous and say this kind of words. Look at your life now. Have you do any charitable work this lifetime to connect you with being born in wealthy family and be successful in the lifetime one is being born. Did you do God's work and very hard work. He has his path and you have yours. Don't need to look at others but concentrate on yours. One can only be smart if one don't have rich resources in charitable works is to look and partner with the wealthy to do charitable work together in one's lifetime and gain merits the next lifetime being born in wealthy families and can achieve success like him. My advise to those who wants to be wealthy.❤😊
Ive worked in SMB debt and im not surprised. I would often see great small businesses that pretty much were dying due to poor management, id always think “man if you could buy these businesses, put in a proper model, theyd do good for their size.” Lots of opportunity out there for this.
Agree 💯 what a brilliant man
A lot easier said than done - I can tell you haven't much experience in owning and operating!
@@jamie6387lol ok 😂
Too right. So many small business owners and management teams are extremely incompetent and have beliefs harming them and preventing growth, it's why they stay small businesses.
A lot of them have business ideas that have merit too and they COULD dominate the local and regional industry, but can't because of these handicaps
basically ripping off middle class people
Thanks for continuing updates I'd rather trade the stock market as it's more profitable. I make an average of $42,500 per week even though I barely trade myself.
How
..? Am a newbie in crypto investment, please can you guide me through on how you made profit?
Thanks to Mrs Maria Davis.
She's a licensed broker here in the states
He came from a billionaire family so he and his brother had a super head start. This is not a rags to riches, but instead a riches to riches story
His dad Jeff Ishbia is a BILLIONAIRE by doing what.....mortgage business ACQUISITIONS! This would make the friends dad story FALSE. This guy and his brother are TRUST FUND BABIES.
That’s an important point
@@xararogers3186 his father Jeff was already a BILLIONAIRE who was in the the business of guess what.... morgage business acquisitions.
Great point. Only that there are many riches to rags stories out there.
Thats even more impressive. Most people that come from riches wouldnt bother working hard and building more and bigger as they already have everything money can buy.
No offense but the only reason I clicked on this video is because the dude in the thumbnail looks like a reconstruction of a historical or ancient person based on bones or statues.
I'm so happy I made productive decisions about my finances that changed forever. I'm a single mother living in Vancouver Canada, bought my first house in October and hoping to retire soon if things keep going smoothly for me.
Justin is such a Classy guy! Respect
Also, know that hi a j€w and there are things that are never said. Its always about a passion, dream ….. bla bla … and then boom they made by a “miracle”
11 minutes and 7 seconds of a privileged guy complimenting himself. Nice!
1st fund $112 million dollars (billionaire's son), matt was a spac guy if i rrcall. Substance abuse ctr. Shutdown due to excessive reimbursements. Private equity combines (business) scraps and cuts fat to resell the meat at a higher margin.
Son of a Billionaire
Private Equity vultures going after small businesses is the worst thing that could happen. Centralized management structures like the ones he is describing out numerous barriers between management and customers. To the point that this guy only sees customers as a number on a spreadsheet. That means he is trying to extract as much value from the customer at the lowest possible cost. For the customer that translates to worst service. PERIOD. Ask anyone who lives in an apartment complex!
Welcome to CAPITALISM
The legal system is forcing everything into corporate hands. Let's say you wanted to buy an apartment complex in CA. You'd need a lawyer on retainer, an accountant, and staff. Then, when customers won't pay, you eat up large amounts of cash on evictions and refurbishing the apartments. This pushes the building into resale, and the corporate landlord takes over, with the same overhead, but spread over his other buildings. Such a landlord can handle the toughest tenants, while good mom-n-pop landlords give up. This legal hurdle is why regular people can't succeed as landlords and why properties aren't as easy to rent in states like California, making costs higher for tenants fighting over fewer rentals.
This is such a bad comment, you are telling me you would rather go to some small time Mexican joint where the burrito is served on a plastic plate and the drinks are warm RATHER than going to chipotle, where you can order on a device, its ready when you get there, the food is consistent every time, the building has A/C.
You’re right, capitalism sucks and it DOESN’T make businesses better.
did he pay for this?
His brother was a small walk-on btw, no scholarship - no interest from NBA or anyone else. Paid puff piece
His brother was a decent enough player to get on the team but never really got playing time, but he was also known for being an extremely intelligent player and was actually offered coaching post after he graduated
Private equity firms models are buy, hold, sell, extract as much money as possible out of business, workers, pension funds, health care funds, customers and fund investors with no long term investments being made. Once the businesses are saddled with debt, they decline, they fall into bankruptcy. This firm is no different. Forbes should have added to this video the LBO(PEG) playbook. A new book out discusses the larger PEGs, but is applicable. "These are the plunderers", by Gretchen Morgenson, Joshua Rosner.
this is such an uneducated and misinformed take on the industry. PE's get paid by growing the company by multiples. This guy has a return rate of 53% because each company he bought grew by multiples of 5X through expansion, investment and merging while employing close to 40k people. Who buy's a company to get into more debt in a high interest rate environment with the expectation of losing, you make absolutely no sense.
Cry about it brokie.
@@BristolBerg your associated with the peg industry. Independent data shows very high failure rates in peg owned businesses vs non
@@Kushagra.j found the billionaire of the comment section 😂
@@vincentorlando6767PE backed firms are 10x more likely to go bankrupt in 10 years than a standard business.
The cocaine on this one is agressive
Your sports troupes are exhausting. There are better things that people should be honestly considering than sportswashing. Otherwise, pretty good interview.
1.-The Team
2.- The love for the game
3.-The Kids.
epstein island motto
@@olinafan4459 😂
Hahahahha
Step One - Have a rich Best-friend ✅
Or show interest in something and impress someone enough to mentor you.
@@thoyo lol 😂🤣
@@b_to_the_b yeah it's a front for the great reset agenda
His father is Jeff Ishbia (google it) who is already an BILLIONAIRE attorney in the acquisition's of the mortgage business. His brother is also a BILLIONAIRE. This is not a rags to riches story he comes from generational wealth.
The only way
I dont see the value he is providing and how he is adding any value to the economy
The 1% of rich people think of how to invest their money to increase their wealth during the recession. While 99% of struggling hard-luck people think of how to survive without food and daily necessities in the recession and the coming hyperinflation
In my taxable account I went into dividend investing route. In my Roth I did the buy and hold route with an S&P 500 ETF and total market ETF along with some Berkshire B stock and SCHD. My portfolio is made up of dividend ETF’s, dividend stocks, growth stocks, it allows a bit more freedom in specific areas
True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diverssify into better assets, I touched base with a portfolio-advisor and that same year, I pulled a net gain of 550k...that's like 7times more than I average on my own.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
She's known as 'Amber Dawn Brummit'. One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.
Private Equity are basically business flippers. They go into a region and buy up let's say say 20 small to medium size carpet flooring companies. They combine all these business under one brand one roof with one centralized management team. No need to have 20 bookkeepers or 20 install office managers. They do work to make the business more efficient by using technology and economies of scale but because what they are able to sell the business in the future largely depends on earnings, they look to increase outputs and limit inputs. In other words, how can we pay people the least amount of money and get the most labor. How can we provide customers the cheapest product and receive the highest price point. 99% of Private Equity is not looking to build a long term business. They buy optimize and sell! I personally would not want to buy something complicated from a PE firm. For example, I would not visit a dental group owned by a PE group.
Great explanation, clear to me now ✔️
Great explanation there are so many silent players in the economy a little digging and wow you see to who and where it goes, I have changed my spending habits by not being blind to what business i spend my money at.
Well said and true. No long term investment in business, employees, etc. Just suck out the profits, flip it.
I wonder what the success rate is
Without doing anything, I'm going to say principals of Jewish teachings.
"mom and pop size business, 20m or less" .....
Hahah it's all about monopoly in business 😂
I smell fraud
Lmao daddy’s money
The team, the grind in front of kids, love for the game
It's all about control, not money when you're that rich I think.
This absolutely genius
His face is totally out of proportion. Very distracting
Watch the yealous reactions in the comments below.
Good for him. Helping the "small guys" in middle of america grow their businesses and dreams.
Bwahaha what a great man
😂😂😂he buys their businesses 😂😂he doesn't help them. Hopefully he doesn't run the local businesses into the ground and write off the loss😂😂 Don't expect Forbes to investigate on that...
@@dsa513 Exactly. He doesn't give af trust me
This is a typical comment from someone who has never owned or operated a business.
He isn't going to do anything but add more stress with less margins for the owner/operator. In the end, he's just taking the profits but not contributing to any of the work. It's catastrophic unless the business is in need of capital to grow incredibly quick. But it doesn't sound like he is after those type of business.
These Private Equity firms are not helping anybody but themselves! Especially not the small guys!
If you own a bakery in a small midwest town and a PE firm is buying up all the bakeries in your town and surrounding area, will you not be pressured to also sell?
According to the comments Justin's dad is a billionaire. Might want to give the old man a shoutout?
Wow coming fromma veterinary hospital owning family, i didnt expect this. We had nothing but bad experience with corporate companies buying vets and sending in numbers crunchers, laying off the best highest paid surgeons right before retirement age. Literally 2 years before age 60. Some POS company up and down the east coast that bought Naugatuck or Cheshire Vet Hospital in CT for example
So this is the guy who made the vet so damn expensive. I call them the dog mechanic the way they say I need to come back to give them more money
Is this QLA? What Dan Pena teaches?
Sus title about a sus story from Forbes (which is sus). I’m sure this firm has done great things but the implied in the title is statically impossible
Her inability to look straight at the camera is disturbing.
That’s laughable
31 yrs old is not "kids" 2:18
It is in PE world. Many senior guys in 50s and 60s worth billions running the show
❤
$15 Million average for acquisitions are NOT "mom-and-pop shops".
There are lots of small family businesses that size. He’s not investing in ten Chinese take out spot in the strip mall, but it doesn’t take as much as you think for a business to get to a $15M valuation
I buy a small cap stock and it literally goes to 0!😂
Jajaja 🤣, seriously.
basically ripping off middle class people
basically ripping off middle class people
basically ripping off middle class people
basically ripping off middle class people
basically ripping off middle class people
Shore is horrible. Private equity that buys health care, addition treatment, creates value in horrible ways at the cost of human life inevitably. The government really ought to create more legislation protecting industries like those from PE
What are these horrible ways that cost human lives. You've made a vexatious accusation without any substantiation.
@@farzana6676Do your own research.
@@farzana6676think about it, PE firms are looking to increase margins so they can sell the business at a higher price, when they buy things like prisons and health care facilities (look it up they do this), increasing margins means less time spent with patients or fewer prison guards. The conflict of interest between the greater good of society and private equity firms is clear
$15 million small business is not that small. That’s already a well established business with processes and a management team.
It's small for private equity industry in the USA where the median deal size is $200m+
@@farzana6676Small in comparison but still not small in general 😂
There’s a lot of small family owned businesses that are that size. To the uneducated that seems like a crazy valuation, but you’d be surprised how many small mom and pop businesses are worth that much
Yeah.. you think this is a good thing?
USA equity sharks.
Forbes, you never mentioned that his father is the billionaire founder of United Wholesale Mortgage. His brother is also a billionaire, as the now CEO of his father's company United Wholesale Mortgage.
2:50 jesus how much adderal is this dude on
9:51 An amazing man explaining why he still "works", even when he is so much richer than all of us b/c of his family... 😅🤔
does he come from money?
@@TLiu-1b Just look up his brother...
@@TLiu-1b His father is Jeff Ishbia (google it) who is already an BILLIONAIRE attorney in the acquisition's of the mortgage business. His brother is also a BILLIONAIRE. This is not a rags to riches story he comes from generational wealth.
Id work for this guy.
IS THIS A JOKE?
Work more, debt slave. If you work twice as many hours, you'll make twice as much 🤑💰💸🤔
so you buy small businesses and then sell them for a profit as it is all about dominance and making millions of dollars for this I would not be proud!
So you wouldn’t want to make money from your investments?? Don’t be mad at his success because you’re not smart enough to have your own
1200 square foot office according to him is a sweat box oh spare me.
I'm about to quit my job of 5+ years at a company that was recently acquired by a private equity firm..
front for klaus schwab's lame reset
Bro look like offbrand Daniel Ricciardo
Underrated comment.
Demented Ricciardo
@@MarcusAurelius7777 ricardio stein berg
@@tuckerbugeater Jerry Seinfeld Ricciardo
@@MarcusAurelius7777 Mom: Jerry Steincardo isn’t real, he won’t hurt you
Jerry Steincardo:
😭😭😭😭
Given how much a vet charges these days I expect this guy to be a trillionaire
I like his process and unique style of investing
Father of black Rock 🗿
What's the minimum investment? What's their ROI track record for investors?
The description states 54% IRR yearly. 14 exits and such. They likely get offers to take money without putting other offerings to the public at this point.
basically ripping off middle class people
🤢🤢🤢
So nobody’s talking about how that lady made herself look like a zombie?
copart is king of rollups 187x
CPRT has turned salvaged cars into billions. And doing it in a very boring (low tech) business
the "Process"- they seem like an investment company that cares, blows my mind, Love it.
Bwahahaha
You don’t like what he does… 🤦 do you invest?
@@cowboydelnorte3078 Yeah he seems full of "it" though.
@@cowboydelnorte3078 i see good in this
Secret to success: seeing your dad stressed in a jacket
If you don't know how to solve the problem of light flicker and high frame rate, THEN DON'T USE HIGH FRAME RATES!!!
Similar to what billionaire Brad Jacobs did
Wow so inspiring
@@MarcusAurelius7777 cope
Yes. Brad Jacobs has published a new book
Dan Pena student winning hard fr
Forbes has fkn problem
Money follows success...
you mean he bought ratholes and is trying to legitimize them with a news piece, and Forbes was happy to oblige
Aw this is so cute like his brother - what a joke
just be a stoic bruh
His father is Jeff Ishbia (google it) who is already an BILLIONAIRE attorney in the acquisition's of the mortgage business. His brother is also a BILLIONAIRE. This is not a rags to riches story he comes from generational wealth.
From 8:47, small wins every day leads to success 🏆 let's go
Thank you for sharing that Justin! ❤❤❤❤
He is israeli, meaning he probably stole from a few people along the way
And I bet he never pays his taxes.
Money follows Success!!
very inspiring man, humble and wise
This man is so intelligent - Listen to how fast he talks lol 😅🤔
Impressive to see how Shore Capital's roll-up strategy is transforming industries with traditionally fragmented markets! It highlights the significant potential for growth and innovation when smaller entities are synergized under a unified vision. 🚀
Great story!
Not really. His father is Jeff Ishbia (google it) who is already an BILLIONAIRE attorney in the acquisition's of the mortgage business. His brother is also a BILLIONAIRE. This is not a rags to riches story he comes from generational wealth.
We the people need to regulate private equity firms, strict Federal regulation needs to be implemented to oversee this industry!
Finally - a sane person is here.
Why!? What reasons are there to do so? Just because people have success and are compensated it very well for it, they automatically should be regulated? Nobody is stopping you from learning how business works and making money in PE.
Contrast the way this guy speaks with the way some other prominent Billionaires (that are getting a lot of attention in the press) speak. The difference is astonishing to me. The fact that these other guys are getting so much oxygen is something that we as a society should be changing.
His father is Jeff Ishbia (google it) who is already an BILLIONAIRE attorney in the acquisition's of the mortgage business. His brother is also a BILLIONAIRE. This is not a rags to riches story he comes from generational wealth.
Haha yeah this guy while he's attained a lot of wealth doesn't sound like a natural business person. He seems rough around the edges and just sounds like he's saying stuff he heard from other CEOs.
@@Dakid015 Google his dad Jeff Ishbia and it will state that he is a BILLIONAIRE by doing what.....mortgage business ACQUISITIONS! This guy and his brother are TRUST FUND BABIES.
I'm favoured $130k every 4 weeks! I now have a good house and can afford anything and also support my family
Yeah, since meeting expert Evelyn, I now agree that with an expert managing your portfolio, the rate of profit high, with less risk.
I will advise you stop trading on your own if you keep losing. And i don't trade on my own anymore, I always required help and assistance
She's a licensed broker here in the states.
😱Sounds familiar, I have heard her names on several occasions.. And both her success stories on wall street journey!
I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimony on CNBC news last week.
Dude looks like Mark Zuckerberg with a beard lol
I have nothing to learn from a man who's never made a business mistake.
I rather hear from a 7 figures millionare who can give multiple examples of nearly fatal mistakes
They make a really good team & Bill Gates feels like an Inspiration here
How do do the analysis of the supply and demand ?