The Value Focus

Mergers & Acquisition Trends – Feb 2018

Gregory Pearl

Alteris LLC tracks Mergers & Acquisitions (M&A) generalized valuation and other trends/metrics from its various partners and research sources. We will periodically report on what we find here. For more detailed information on valuations and M&A trends contact us directly. Please note that this information is a summary of many different types of companies of various sizes in a variety of industries. The specific valuation for any individual company, for your business, may and probably will vary greatly. Each company and set of circumstances is unique and must be considered individually. This data is collected from various sources and includes…

Continue Reading→

Business Valuation, Exit Planning, Tax

Beware the Stealth Tax

Gregory Pearl

Following are two articles I posted on LinkedIn. They describe an attempt by the IRS to implement a “stealth tax” on business owners. Because business valuation techniques and processes can be somewhat obscure for most people, the impact of such a change could easily have passed unnoticed. Business valuation is both art and science and this is an example of how these two factors interact. We need to always be diligent about changes in public policy that are hidden in this way. There are real implications for real people. Posted on LinkedIn November 7, 2017: This is a follow-up to…

Continue Reading→

Alternative Investments, Decision Making

Why Do Some Cities Have More Startups?

Gregory Pearl

The fortunes of Silicon Valley and the Tech Industry goes up and down. And yes, things are always changing. But this much could be said with good confidence. The tech scene in my lifetime has probably been one of the greatest wealth generators in the history of mankind. This includes not just California. Also, note the other innovation hubs that includes Austin, Boston, New York, Seattle, and so on. Sadly, my long-time home of Chicago does not make that list. I’ve done business in all those places and believe me, the difference between Illinois and the rest is palatable. Just…

Continue Reading→

“Price is what you pay. Value is what you get.” – Warren Buffett

“Exemplary persons would feel shame if their words were better than their deeds.” – The Analects of Confucius

“You can easily judge the character of a man by how he treats those who who can do nothing for him.” – Johann Wolfgang von Goethe

“You can’t make a good deal with a bad person.” – Warren Buffet

“The individual investor should act consistently as an investor and not as a speculator.” – Ben Graham

“Not everything that can be counted counts, and not everything that counts can be counted.” – Sociologist William Bruce Cameron, although many people attribute it to Albert Einstein.

“Know what you own, and know why you own it.” – Peter Lynch

“Doubt is not a pleasant condition, but certainty is absurd” – François-Marie Arouet known by his nom de plume Voltaire

“When a management with a reputation for brilliance tackles a business with a reputation for poor fundamental economics, it is the reputation of the business that remains intact.” – Warren Buffett

The Value Focus

Understanding Business Value. Realizing Business Value.