Post by @boringbiz_

Henry Kravis' advice for young aspiring investors is not about learning more Excel or building better models. It is about spending time in the actual business to learn the fundamentals At his own firm, KKR, he used to send young people out to work for portfolio companies for a couple of years. Many would come back enlightened by the experience, finally understanding the business This was shocking to him, given these were the same folks giving recommendations to KKR's investment committee and building detailed excel models on the business, without even knowing how they actually function from the inside #motivation #successful #privateequity #business