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Private equity titan explains how he’d get rich today from scratch. He’d do a services roll-up in wealth management. Graham Weaver founded Alpine Investors ($19B AUM).

The Icahnist

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68,060 次观看 • 2 个月前 •via X (Twitter)

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Ramsey Sahyoun is the Co-Founder of Evergreen, one of America’s most interesting acquisition machines. He and Jeff Totten started the firm when they were 25 and 27 years old. Today, they’ve acquired over 160 companies and completed 47 acquisitions in 2025 alone. The portfolio does $1.5 billion in sales and $250 million in EBITDA. We discuss: - Why they chose MSPs - The lessons from their first acquisition - What went wrong with an early roll-up attempt - How they built a proprietary sourcing engine - Why 80% of their deals are proprietary - How talent, goal setting, and value creation became central to Evergreen’s operating system Enjoy! Timestamps: 0:00 Evergreen’s scale and long-term hold model 2:06 Discovering private equity and buying private companies 4:14 Meeting Jeff Totten at Alpine Investors 5:53 First acquisition and current portfolio 10:23 Leaving Alpine and starting young 12:18 The first 6-18 months after closing 13:15 What went wrong with an early MSP roll-up 18:44 Building Evergreen’s sourcing engine 23:07 The value of having a large acquisition database 26:09 How to build trust with business owners 34:02 Evergreen’s M&A, talent, and playbook flywheel 41:54 Lessons from 160 acquisition post-mortems 44:22 Setting big goals and planning backward 47:16 One-page plan and quarterly renewals 48:53 What Evergreen learned from Alpine and Graham Weaver 51:27 How Ramsey and Jeff’s roles changed as Evergreen scaled 54:21 What people misunderstand about Evergreen 56:48 Closing thoughts from Ramsey

Ramsey Sahyoun is the Co-Founder of Evergreen, one of America’s most interesting acquisition machines. He and Jeff Totten started the firm when they were 25 and 27 years old. Today, they’ve acquired over 160 companies and completed 47 acquisitions in 2025 alone. The portfolio does $1.5 billion in sales and $250 million in EBITDA. We discuss: - Why they chose MSPs - The lessons from their first acquisition - What went wrong with an early roll-up attempt - How they built a proprietary sourcing engine - Why 80% of their deals are proprietary - How talent, goal setting, and value creation became central to Evergreen’s operating system Enjoy! Timestamps: 0:00 Evergreen’s scale and long-term hold model 2:06 Discovering private equity and buying private companies 4:14 Meeting Jeff Totten at Alpine Investors 5:53 First acquisition and current portfolio 10:23 Leaving Alpine and starting young 12:18 The first 6-18 months after closing 13:15 What went wrong with an early MSP roll-up 18:44 Building Evergreen’s sourcing engine 23:07 The value of having a large acquisition database 26:09 How to build trust with business owners 34:02 Evergreen’s M&A, talent, and playbook flywheel 41:54 Lessons from 160 acquisition post-mortems 44:22 Setting big goals and planning backward 47:16 One-page plan and quarterly renewals 48:53 What Evergreen learned from Alpine and Graham Weaver 51:27 How Ramsey and Jeff’s roles changed as Evergreen scaled 54:21 What people misunderstand about Evergreen 56:48 Closing thoughts from Ramsey

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Today Keir Starmer promised Jewish people he’d do everything to keep them safe. Also today, people chanting “from the river to the sea” and some dressed up like jihadi’s, unleashed fear across the country and violence in London, the same day a terrorist attack is aimed at Jews.

Today Keir Starmer promised Jewish people he’d do everything to keep them safe. Also today, people chanting “from the river to the sea” and some dressed up like jihadi’s, unleashed fear across the country and violence in London, the same day a terrorist attack is aimed at Jews.

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#BBCQT sum up what's wrong with the UK today Tory: Tim Stanley, doesn't want to pay more tax for public services because "It's my money" Labour: David Lammy wants more public services but asks "Where's the money going to come form to do that" Green: Caroline Lucas explains we can fund everything like Norway and Switzerland do with, "A wealth tax" We either pay for and live in a society that works and functions with proper public services, or we watch society continue to crumble. To add, many wealth tax proposals are for the 17,000 Brits with over £10 million, wealth taxes do not impact the 14 million Brits living in poverty, or the middle classes. I really do not understand why the working class and middle classes object to taxing rich people more 🤷‍♂️

#BBCQT sum up what's wrong with the UK today Tory: Tim Stanley, doesn't want to pay more tax for public services because "It's my money" Labour: David Lammy wants more public services but asks "Where's the money going to come form to do that" Green: Caroline Lucas explains we can fund everything like Norway and Switzerland do with, "A wealth tax" We either pay for and live in a society that works and functions with proper public services, or we watch society continue to crumble. To add, many wealth tax proposals are for the 17,000 Brits with over £10 million, wealth taxes do not impact the 14 million Brits living in poverty, or the middle classes. I really do not understand why the working class and middle classes object to taxing rich people more 🤷‍♂️

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My conversation with Graham Weaver, the founder of Alpine Investors. Graham built this large private equity firm by buying companies and handing them over to ~27-year-old CEOs. He tells the entire story of the firm here. Enjoy! Timestamps 0:00 Intro 0:37 Alpine's Three North Stars 7:33 The Power of Choice & Determination 13:33 Early Career 21:45 Founding Alpine 29:36 Core Beliefs and Talent Development 35:47 Building a Platform Company 39:02 Talent and Training Programs 44:15 Employee and Customer Engagement 47:26 Financial Outcomes & Return Strategies 50:43 Supporting Young CEOs 58:13 Teaching at Stanford 1:05:31 Coaching and One-on-One Meetings 1:08:18 Executive Coaching 1:11:19 Defining Personal Growth and Courage 1:18:41 Lessons from a Slot Machine Business 1:22:43 Balancing Work and Personal Life 1:29:21 The Future of Private Equity 1:32:29 The Importance of Seeing the Best in People 1:38:10 The Kindest Thing

My conversation with Graham Weaver, the founder of Alpine Investors. Graham built this large private equity firm by buying companies and handing them over to ~27-year-old CEOs. He tells the entire story of the firm here. Enjoy! Timestamps 0:00 Intro 0:37 Alpine's Three North Stars 7:33 The Power of Choice & Determination 13:33 Early Career 21:45 Founding Alpine 29:36 Core Beliefs and Talent Development 35:47 Building a Platform Company 39:02 Talent and Training Programs 44:15 Employee and Customer Engagement 47:26 Financial Outcomes & Return Strategies 50:43 Supporting Young CEOs 58:13 Teaching at Stanford 1:05:31 Coaching and One-on-One Meetings 1:08:18 Executive Coaching 1:11:19 Defining Personal Growth and Courage 1:18:41 Lessons from a Slot Machine Business 1:22:43 Balancing Work and Personal Life 1:29:21 The Future of Private Equity 1:32:29 The Importance of Seeing the Best in People 1:38:10 The Kindest Thing

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The Holy Grail of Investing podcast drops TODAY! 🎙️🔥 🎧 Pull up your chair at the table of titans and learn from some of the greatest investors in the world. I’ve teamed up with Christopher Zook to bring our #1 bestselling book to life, and we’re excited to bring you raw, unfiltered conversations with the investors who are shaping the future. In our very first episode, we go deep with Robert F. Smith, the visionary behind Vista Equity Partners, to reveal how he built one of the most successful private equity firms on the planet with over $100 billion in assets under management. We dive into the engineering mindset behind his strategy, the impact of AI on investing, and what it really takes to create lasting wealth right now. These are insights most people will never hear, and Christopher and I are excited to bring them to you today. Let’s go! 📈 🤟🔥

The Holy Grail of Investing podcast drops TODAY! 🎙️🔥 🎧 Pull up your chair at the table of titans and learn from some of the greatest investors in the world. I’ve teamed up with Christopher Zook to bring our #1 bestselling book to life, and we’re excited to bring you raw, unfiltered conversations with the investors who are shaping the future. In our very first episode, we go deep with Robert F. Smith, the visionary behind Vista Equity Partners, to reveal how he built one of the most successful private equity firms on the planet with over $100 billion in assets under management. We dive into the engineering mindset behind his strategy, the impact of AI on investing, and what it really takes to create lasting wealth right now. These are insights most people will never hear, and Christopher and I are excited to bring them to you today. Let’s go! 📈 🤟🔥

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VraserX e/acc

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A 2% tax on wealth of £10m and above wouldn’t scratch the surface, no rich person will go hungry….but it would raise enough money to ensure no child goes hungry (5m do now) or lacks a bed to sleep in (1m kids have that problem) - we end poverty in our country by taking a tiny sum from a tiny number of very wealthy people - Let’s get on with it….

A 2% tax on wealth of £10m and above wouldn’t scratch the surface, no rich person will go hungry….but it would raise enough money to ensure no child goes hungry (5m do now) or lacks a bed to sleep in (1m kids have that problem) - we end poverty in our country by taking a tiny sum from a tiny number of very wealthy people - Let’s get on with it….

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Billionaire Michael Rubin says he’d give up ALL his MONEY just to go back 10 years and start from scratch, explaining that building a business is way more fun than actually having it 👀💸 “I’d do it in one second. Time is the most precious aspect that we have. The idea of doing it all over again, I like that, I’m turned on by that”

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Private Equity: See the Game, Change the Game - Full Interview Join us on Telegram: "Private Equity: See the Game, Change the Game with Tiffany Cianci" In November 2024, entrepreneur and former franchisee Tiffany Cianci (Tiffany Cianci) was a Solari Hero of the Week for her valiant pushback against private equity lawfare that has cost her and her family dearly. Since a private equity firm terminated her children’s gym franchise in 2022, Cianci has become a public speaker and small business advocate helping policymakers and citizens understand private equity’s “systematic strip-mining of the American middle class.” In Solari’s first interview of 2026, Cianci joins me to draw back the curtain on the wider private equity “game,” with the aim of improving our subscribers’ ability to navigate products, services, and business and investment relationships in an increasingly fraught-with-risk environment. We start by discussing the growth of private equity (including the public policies that have encouraged its explosion), the largest players, the role of endowments like Harvard and Yale, private equity’s extraction business model and tactics, and shenanigans related to how private equity returns are calculated and reported. We also take a look at the wide range of sectors affected by private equity’s incursions—including health care, nursing homes, autism services, veterinary services, insurance, sports, retail, and media—and bring the situation up to date with a look at actions taken by the Trump administration, such as giving the private equity industry access to our 401(k) retirement funds. The private equity invasion may be widespread, but, as Cianci and I conclude, there is still much we can do—as employees, parents, alumni, investors, pension fund beneficiaries, and voters—to demand accountability and push back against destructive and even criminal business models. Step one is to protect your time, health, finances, and savings from businesses that extract from you and yours rather than add the value that supports a free and inspired life. As a reminder, be sure (if you have not already done so) to read our Plunder report, which provides additional details that will help you recognize and navigate the havoc created when too many investment interests use our pension funds and taxpayer resources to build billionaires instead of building wealth. Full Report: Subscribe to

Private Equity: See the Game, Change the Game - Full Interview Join us on Telegram: "Private Equity: See the Game, Change the Game with Tiffany Cianci" In November 2024, entrepreneur and former franchisee Tiffany Cianci (Tiffany Cianci) was a Solari Hero of the Week for her valiant pushback against private equity lawfare that has cost her and her family dearly. Since a private equity firm terminated her children’s gym franchise in 2022, Cianci has become a public speaker and small business advocate helping policymakers and citizens understand private equity’s “systematic strip-mining of the American middle class.” In Solari’s first interview of 2026, Cianci joins me to draw back the curtain on the wider private equity “game,” with the aim of improving our subscribers’ ability to navigate products, services, and business and investment relationships in an increasingly fraught-with-risk environment. We start by discussing the growth of private equity (including the public policies that have encouraged its explosion), the largest players, the role of endowments like Harvard and Yale, private equity’s extraction business model and tactics, and shenanigans related to how private equity returns are calculated and reported. We also take a look at the wide range of sectors affected by private equity’s incursions—including health care, nursing homes, autism services, veterinary services, insurance, sports, retail, and media—and bring the situation up to date with a look at actions taken by the Trump administration, such as giving the private equity industry access to our 401(k) retirement funds. The private equity invasion may be widespread, but, as Cianci and I conclude, there is still much we can do—as employees, parents, alumni, investors, pension fund beneficiaries, and voters—to demand accountability and push back against destructive and even criminal business models. Step one is to protect your time, health, finances, and savings from businesses that extract from you and yours rather than add the value that supports a free and inspired life. As a reminder, be sure (if you have not already done so) to read our Plunder report, which provides additional details that will help you recognize and navigate the havoc created when too many investment interests use our pension funds and taxpayer resources to build billionaires instead of building wealth. Full Report: Subscribe to

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38,208 次观看 • 6 个月前

Michael Beasley opened up on what he’d change about his career: “If I could do it all over again, I would have just listened to Pat Riley. Pat told me to get a condo for me and my mom. I got a 6-bedroom house, dogs, homies staying in… that’s where the problems came from.” (via big3)

Michael Beasley opened up on what he’d change about his career: “If I could do it all over again, I would have just listened to Pat Riley. Pat told me to get a condo for me and my mom. I got a 6-bedroom house, dogs, homies staying in… that’s where the problems came from.” (via big3)

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Charlie Sheen says watching Charlie Kirk get shot makes you realize just how lucky Trump was in Butler, PA. SHEEN: “Charlie [Kirk] didn’t get the benefit of a head turn or a couple of microns or millimeters.” ROGAN: “If he didn’t turn his head, he’d be dead. And it would have been live on CNN.” Sheen asked, “How do we know more about an assassination from 1963 [JFK] than we do from one about [a year ago]?” That sent Rogan into a tangent, rattling off all the absurd circumstances surrounding that case.

Charlie Sheen says watching Charlie Kirk get shot makes you realize just how lucky Trump was in Butler, PA. SHEEN: “Charlie [Kirk] didn’t get the benefit of a head turn or a couple of microns or millimeters.” ROGAN: “If he didn’t turn his head, he’d be dead. And it would have been live on CNN.” Sheen asked, “How do we know more about an assassination from 1963 [JFK] than we do from one about [a year ago]?” That sent Rogan into a tangent, rattling off all the absurd circumstances surrounding that case.

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🚨new episode JUST DROPPED What stocks do you need to own in 2026? David Burrows is BACK! His picks from March are up on average 53% and he says there is a big shift in markets investors need to pay attention to David Burrows Barometer Capital Management Inc. TUNE IN NOW wherever you get your podcasts (links below)

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Ryan Dawson explains to the Saviour how America’s plan has completely FAILED! 😳 “Trump thought he’d kill the Ayatollah and Iran would crumble. He thought it’d be as easy as snatching Maduro from Venezuela. They killed the Ayatollah, bombed a school full of little girls and Iran did NOT crumble. They DO in fact have air defence… and they DO still have ballistic missiles, and they are just EVISCERATING these Gulf countries!

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taerae’s thoughts on the jebes in a zombie outbreak ( 🌹 which member is most likely to be the first to turn into a zombie if a zombie outbreak happens? 🐥 (immediately looks at jiwoong) jiwoong hyung, because he already seems like a zombie in his everyday life. there are times when he looks sunken/hollow from being tired. his survival rate is also low anyway! 🌹 then which member do you think is most likely to survive? 🐥 (immediately looks at gunwook) him. feels like he’d beat them up? he wouldn’t get bitten! if they tried to bite him, i feel like he’d just hold its head like this.

taerae’s thoughts on the jebes in a zombie outbreak ( 🌹 which member is most likely to be the first to turn into a zombie if a zombie outbreak happens? 🐥 (immediately looks at jiwoong) jiwoong hyung, because he already seems like a zombie in his everyday life. there are times when he looks sunken/hollow from being tired. his survival rate is also low anyway! 🌹 then which member do you think is most likely to survive? 🐥 (immediately looks at gunwook) him. feels like he’d beat them up? he wouldn’t get bitten! if they tried to bite him, i feel like he’d just hold its head like this.

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Marc Rowan grew Apollo 14 times over, outpaced Apple and Microsoft, and manages $650 billion. and when his partners expected a breakdown of some genius strategy, he got up and said: we just got lucky. The CEO of Apollo explains how money is actually made and why almost everything investors believe falls apart over the long run. "How do you know who was a good investor over the last 10 years? take out the last two. track record is useless" From 2008 to 2022 they printed $8 trillion, and everything went up, the good and the bad. three years ago these people were called geniuses, today they say they just got lucky, and half of them are out of a job. "In private equity you make 10 decisions a year at most, everything else is ceremony. buy a good company cheap and sell it higher" "80% of trading is the S&P 500. 10 companies are 35% of the index. the whole market is basically levered to Nvidia and Apple. active management has failed to beat the market 90% of the time for 20 years" and he predicts that in the next 10 years we'll see the death of active management. bookmark it and watch today ↓

Marc Rowan grew Apollo 14 times over, outpaced Apple and Microsoft, and manages $650 billion. and when his partners expected a breakdown of some genius strategy, he got up and said: we just got lucky. The CEO of Apollo explains how money is actually made and why almost everything investors believe falls apart over the long run. "How do you know who was a good investor over the last 10 years? take out the last two. track record is useless" From 2008 to 2022 they printed $8 trillion, and everything went up, the good and the bad. three years ago these people were called geniuses, today they say they just got lucky, and half of them are out of a job. "In private equity you make 10 decisions a year at most, everything else is ceremony. buy a good company cheap and sell it higher" "80% of trading is the S&P 500. 10 companies are 35% of the index. the whole market is basically levered to Nvidia and Apple. active management has failed to beat the market 90% of the time for 20 years" and he predicts that in the next 10 years we'll see the death of active management. bookmark it and watch today ↓

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142,651 次观看 • 1 个月前

Private credit just hit the brakes, and the numbers are not subtle. New US direct lending issuance fell from about $74.6 billion in the first quarter to about $44.8 billion in the three months ending May, according to PitchBook. That is a massive slowdown in a single quarter. Private equity-backed borrowing dropped to about $28.5 billion. Lending tied to leveraged buyouts fell to about $15.2 billion. This is the private credit engine losing speed at the exact moment it needs confidence. And the reasons are not a mystery. Fundraising is still well below its peak. Redemption requests are elevated and still climbing. Investors are scrutinizing loan quality. And borrowers are stuck in a flat, gone-bad economy. For years private credit took market share because it was fast and certain. It could finance deals when the banks and the syndicated markets could not, because everyone assumed the economy would be good forever. That assumption is breaking. Now these funds are preserving liquidity and stretching to get deals done. So they have far less appetite to finance private equity at aggressive valuations. And that is where private equity gets pulled in. It ran on the leverage that private credit provided, and that engine is reversing. Here is the standoff. Private equity firms will not sell assets at lower prices, because that means admitting yesterday's marks were too high. Buyers will not pay peak multiples in a higher-rate, slower-growth world. Lenders will not underwrite the old assumptions. Investors do not want more money locked up. So the whole machine slows, grinds to a halt, and starts to reverse. One guy called it constipation.

Private credit just hit the brakes, and the numbers are not subtle. New US direct lending issuance fell from about $74.6 billion in the first quarter to about $44.8 billion in the three months ending May, according to PitchBook. That is a massive slowdown in a single quarter. Private equity-backed borrowing dropped to about $28.5 billion. Lending tied to leveraged buyouts fell to about $15.2 billion. This is the private credit engine losing speed at the exact moment it needs confidence. And the reasons are not a mystery. Fundraising is still well below its peak. Redemption requests are elevated and still climbing. Investors are scrutinizing loan quality. And borrowers are stuck in a flat, gone-bad economy. For years private credit took market share because it was fast and certain. It could finance deals when the banks and the syndicated markets could not, because everyone assumed the economy would be good forever. That assumption is breaking. Now these funds are preserving liquidity and stretching to get deals done. So they have far less appetite to finance private equity at aggressive valuations. And that is where private equity gets pulled in. It ran on the leverage that private credit provided, and that engine is reversing. Here is the standoff. Private equity firms will not sell assets at lower prices, because that means admitting yesterday's marks were too high. Buyers will not pay peak multiples in a higher-rate, slower-growth world. Lenders will not underwrite the old assumptions. Investors do not want more money locked up. So the whole machine slows, grinds to a halt, and starts to reverse. One guy called it constipation.

Jeffrey P. Snider

18,021 次观看 • 1 个月前