A $25 million LOI with a Ferrari 488

This episode breaks down how Jeremy Giffon ( https://x.com/jeremygiffon ) thinks about special situations, forced sellers, and overlooked businesses, showing why the best investments come from understanding incentives, human behavior, and coordination problems rather than complex models or market timing.Show notes:0:00 Special situations in the lower middle market6:18 The perfect business is getting paid for your words and gaining access9:44 Coordination problems and forced sellers create the best deals11:44 Ghost ship companies and orphaned assets that VCs misunderstand15:28 Patience and selectivity outperform constant deal activity18:42 Negotiation and the 25 million LOI with a Ferrari 48821:19 Six unconventional truths about making better business decisionsSponsors:https://capitalpad.com/ - A deal-by-deal private equity investing platformhttps://www.spacebarstudios.co/inquireFollow Mikk/PrivateEquityGuy on Twitter: ⁠⁠https://x.com/PrivatEquityGuyThis podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.