Conducting Due Diligence On Your Investments 101

Money Tree Investing

Money Tree Investing Podcast

Stockmarket, Valuestocks, Investing, Finance, Passiveincome, Wealth, Business, Personalfinance

4.6 • 658 Ratings

🗓️ 30 July 2021

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week we interview an insider who teaches us how to do proper due diligence on a company (public or private).

Elliott discusses what to look for and (more importantly) what to avoid. This is real world advice you cannot learn in a class room. I love this topic.

For more information, visit the show notes at https://moneytreepodcast.com/due-diligence-elliot-holland

^{Today's Panelists:}

^{Kirk Chisholm | Innovative Wealth}
^{Barbara Friedberg | Barbara Friedberg Personal Finance}
^{Megan Gorman | The Wealth Intersection}

Transcript

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0:00.0	Welcome to the Money Tree Investing Podcast.
0:04.7	Stock market, wealth, personal finance, value stocks, invest in your life.
0:10.9	Hello, Smart Money Tree Podcast listeners.
0:13.0	Welcome to this week's show.
0:14.5	My name's Kirk Chisholm and I am going to be your host.
0:17.4	So today we're talking with Elliot Holland.
0:19.7	How you doing today, Elliot?
0:20.7	I'm doing very well. How are you, Kirk?
0:22.5	Good, good, doing well. I'm glad to have you in the show here because we're talking about one of my
0:26.4	favorite topics that we talk a lot about in the show, but we never really get into the details.
0:31.0	So I'm glad we have Elliot on to talk about that details, and that is due diligence on how to do it and do it well. So, Elliot, when you tell us a little bit
0:38.9	about your background? I'm a reformed engineer who went to strategy consulting with a company called
0:44.2	Accenture, many of you know. I then went off to Harvard for business school, got into the private
0:49.7	equity industry, worked at some $100 million, billion dollar, private equity firms, realized the key to
0:57.1	private equity was actually owning equity, started two of my own independent sponsor, sort of
1:02.1	self-funded business acquisition, private equity firms. And then in 2017, I sort of took a look
1:09.1	around the market, recognized how many new people were coming into the market buying companies that weren't necessarily former investment bankers or private equity guys, but sort of everyday folks that may have owned a business sold it or in some other capacity have the means and didn't have a great pathway to getting good deals done primarily because there
1:28.9	wasn't a great due diligence solution. And so in 2017, I started Guardian due diligence,
1:35.3	and it is essentially the diligence service business I wish I had when I was buying companies
1:39.9	for myself. And we are just laser focused on helping clients understand the true financial
1:45.3	and sort of future opportunity view on companies so that they don't get fleece buying firms
1:52.4	that are misrepresenting financials. And so they're making investments that actually
	...

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