Awaiting Response
Prior to purchasing controlling interests in a small business a buyer normally drafts a Letter of Intent (“LOI”) and sends it to the seller. This document outlines the key terms of the verbal agreement and next steps. I try to craft the LOI document to match our verbal agreement and follow the structure of our […]
Low Opportunity Cost Investing
Opportunity cost is one of those concepts that slinks away from you when you’re not looking. For that reason, I start with the definition. Opportunity Cost – “the loss of potential gain from other alternatives when one alternative is chosen” How can the opportunity cost be zero? When you select your best alternative you sacrifice […]