Every year I make a podcast on the lessons and failures from the year before, and every year it is my most listened to podcast.

And the wait is over. This is my lessons and failures from 2024.

To give you context on the companies that I own, our average position at Acquisition.com is just about 40%.

And the reason it's just about is because we have options, we have performance kickers, things like that,

but it's about 40%.

Our EBITA growth, meaning basically the profit

of those companies in total,

went from just over 50 million to this year

we'll probably finish just under 100 million in EBITA.

So really good growth here for us.

For back of napkin math,

if you assume a 10x multiple on the valuation

the company in total and aggregate is over a billion dollars probably pretty easily because the

bigger the company is in general the larger the multiple now to be clear i don't want to claim that

until we have some sort of third-party validation but it it was a very good year for Acquisition.com.

And so we'll likely cross $300 million in revenue up from $85 million in 2020.

And so we have consistently grown year over year.

And so this video is about what changed from $85 million in revenue to $300 plus. My first piece of advice is set fewer goals and do less long-term planning.

Hear me out.

The first big shift that I would say that's happened over the last year has been

I have emphasized less and less long-term planning.

And so this may sound contradictory to some of my content about being patient.

...