Molson Hart

Buffett always talks about how he had to unlearn some of Ben Graham’s teachings to take his businesses to the next level. I increasingly feel like I need to unlearn the idea that buffetts strategies continue to work today. Too much competition and a different environment :(

Buffett worship is the canonical example for my “if you do what everyone else is trying it ain’t gonna work” narrative. :-)

How many duras are there out there? I think I’ve heard of 4 including you.

Like companies named dura?

Lol nah. Software roll up/pe shops

Oh there are 100s! Most target a niche through a combination of model (roll up different than accumulator etc), fund versus opco, horizontal vs vertical, size, type, sales model, growth rate, exit or not, etc. It even gets more nuanced. Ultimate does just hr software for ex

Dura is an accumulator technically. Same category as constellation. Few play this way as it’s harder to execute we think.