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Issue #30 - Patience πŸ›‘

Publication Date
Sep 17, 2020

Welcome to TrashPandaThoughts, a newsletter written by Mr. Trash, the Founder of Trash Panda Capital.

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Patience is a virtue.

The past few months have been a test of my patience.

Since Apple announced the shift to Apple Silicon, it’s been a waiting game for a new laptop to replace my overheating machine (or stick with a current Intel version).

I just watched the event on the 15th and I was disappointed that they did not release the new machine, meaning that I have to wait another month or two to see if I can get a new computer.

Deal flow for Trash Panda Capital has been difficult and full of deals that cannot pass basic Due Diligence, which makes me even more anxious and impatient, as I want to close a deal now.

Waiting for others to provide information, answer emails, or sign contracts is also a major test of my anxiety and patience.

I want things now, on my terms and my time.

This mindset is dangerous.

There is a fine line between over and under analysis, landing in the middle is best. πŸ’Έ

Private Equity is all about patience, especially when it comes to making a deal. You don’t want to be holding the bag in the end.

You don't want to rush into a deal, foregoing due diligence, and then end up with a steaming bag of crap at the end of the day that you have to sell for a loss.

You also don't want to spend months and months in the due diligence or buying process, only to lose the deal or miss out on another great opportunity.

Good things come with patience, but often faster than you think πŸ‘¨β€πŸš€

Instead of obsessing about things and getting major anxiety when I don't hear anything, or if it doesn't happen on my timeline, I'm focusing on taking that energy and putting it into other things.

Things such as:

  • A web scraper tool to improve deal flow and reduce the amount of time I spend searching brokers.
  • AI/Machine Learning for my own deal flow, and scouting deals.
  • TameTheForce courses across multiple areas.
  • Scoping out my scouting program
  • And more.
I know in the end, good things will happen and success will be found with this path that I have decided to take.

Things are progressing with the first TameTheForce course, along with the official branding for the product.

I’m also working on branding for Trash Panda Capital, which I am excited to share with you, along with our website.

Until next time,

Mr. Trash 🦝

Catch me on Twitter @mrtrash757 ! 🐦

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