Getting out at the top

Nice work if you can get it

Sooner or later, entrepreneurs sell their business. It’s tradable just like any other asset.  Ideally, they do so at the right time, preferably when their life’s work is highly valued.

It’s different to “getting out at the top”. That’s a more dubious concept. For a start, it’s hard to do. It’s often more by chance than design. Can you really predict the top? I can’t. In forty years in finance, sometimes I’ve been right; sometimes wrong.

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