Sports and Finance
This week we are sharing stories and articles about the intertwined world of sports and finance.
Top 50 Microcap list - Mathieu Martin
For this week’s Top 50 Microcap Investor we present Mathieu Martin, Senior Analyst of Rivemont Microcap Fund and President of Espace MicroCaps. Mathieu has studied microcaps for years and earned his Chartered Financial Analyst certification in November of 2020.
Mathieu touched on lessons he learned from his best and worst investment decisions regarding multiple expansion and assessing competitive advantages.
Read our feature on Mathieu here
Business in sports you may not know about…
David Tepper — Carolina Panthers owner and hedge fund manager is devoting some personal finances to private investing in growth companies and sports/media. Read about David Tepper’s Next Play: Private Equity With a Side of Sports
Lebron James and Maverick Carter’s entertainment/production company founded in 2020 is seeking a $750 million valuation which has gained the interest of Nike. Read more about it on Joseph Pompliano’s daily sports newsletter called Huddle Up. (A great newsletter if you love sports and business!)
Private equity investing in sports is an alternative investment strategy and Dyal Capital Partners saw this as an opportunity when the NBA’s revenue plummeted during COVID19. Dyal's deal for Phoenix Suns shows private equity wants winners.
There has been a wave of SPAC ventures from sports business executives looking to capitalize on valuations of sports teams. Sportico identified SPACs that have a sports focus and what a special purpose acquisition company means for sports.
Lunch at the Club With Joe Moglia
Joe Moglia will be our guest for Lunch at the Club this Wednesday, July 21 at 2:00 pm EST. Moglia is a former chairman of the board and CEO of TD Ameritrade - the largest online discount brokerage firm in the world in terms of the number of retail online equity trades placed each day. Moglia also served as the head football coach for Coastal Carolina University for 6 seasons where he impacted the team and CCU community with his BAM leadership philosophy.
If you sign up for Premium and attend Lunch at the Club, we will send you a signed copy of Joe Moglia’s incredible and uplifting life story 4th & Goal: One Man’s Quest To Recapture His Dream (If you are a current Premium Member simply attend this Lunch at the Club and we will send you the book!)
It’s Okay to Not be Great at Everything
Most people know of Mark Cuban from his presence on “Shark Tank” or as an owner of the Dallas Mavericks. Although you may know him as a successful businessman, every great success story is a journey with many challenges. In an interview, Cuban talks about lessons learned from his biggest failures and how those lessons became valuable to his future.
One of the first lessons he touches on is that “it is okay to not be great at everything.” By trying new things, you will be able to find what you are good at. To find your talents, you will need to accept that some things will not be your strong suit. For Cuban, that meant taking his go at serving, carpeting, and cooking, all of which turned out not to be suitable for him. By discovering his skills, he learned that it only takes one time to succeed, although you may fail multiple times.
Another lesson he mentions is using your losses to show resilience and prove to yourself that you are stronger than your downfalls. For him, this inclination came from having his power turned off because he couldn’t pay the electricity bill. He says, “it’s incredibly motivating and humbling,” and says that he thinks this is something all successful entrepreneurs need to experience at one point in their life.
Cuban has a net worth of $4.2 billion and has invested in some major startups, including IceRocket and Weblogs Inc. He is currently partnered with Synergy Sports Technology. This company is a web service that provides up-to-date player and team videos. Many NBA teams use it during the scouting process.
Cuban is the majority owner of the Dallas Mavericks. He bought the team in 2000 after he sold one of his companies. One defeat he speaks of regarding the Mavericks is not resigning a player who later went on to be back-to-back MVP. Through this experience, he was determined never to underestimate others' talents even when he may not see them at first.
Looking at his life now, you only see the successes. As he stated in his book, “No one is going to know or care about your failures, and neither should you.” Use these failures as a way to learn and grow on the path to success. Check out the full article below for more lessons he learned through his failures and how they helped him gain the success he has today.
Readings and Podcasts
Blast from the past…. Inspiration from the World of Sports - by Howard Marks (October 22, 2015)
Lawrence A. Cunningham on the recipe for a ‘perfect business’
David Barr on small and micro growth with Tobias Carlisle on The Acquirers Podcast
The Investor’s Podcast: TIP361: The Race for Space w/ Ben Claremon & Eugene Robin
Danny Meyer: Hospitality and Humanity [The Knowledge Project Podcast Ep. #115]
If you have not already upgraded your membership…
Avenel Financial Group, a merchant banking, and advisory firm located in Charlotte, NC, launched a new business venture called the Co/Investor Club. The Co/Investor Club is a community of value-oriented investors that collaborate on investment opportunities and ideas. You are receiving this newsletter because you are a Free or Premium Member of the Co/Investor Club!
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