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- Aug 7, 2007
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During the New Year holidays I read the book titled The Second Bounce of the Ball written by Ronald Cohen. Ronald founded and built Apax Partners into the largest global private equity firm.
In this book he has summarized his experience with successful investing in private companies. The book contains a wealth of advice that is just as useful for (potential) private equity investors as it is for entrepreneurs who want to build their own successful business.
The title of the book refers to a quality/attitude that according to Cohen is essential to become really successful. As he puts it "Everyone can see the first bounce of the ball. It is the second bounce that is uncertain".
If you position yourself to take advantage of that uncertainty (the second bounce), you'll get ahead of the pack.
In this book he has summarized his experience with successful investing in private companies. The book contains a wealth of advice that is just as useful for (potential) private equity investors as it is for entrepreneurs who want to build their own successful business.
The title of the book refers to a quality/attitude that according to Cohen is essential to become really successful. As he puts it "Everyone can see the first bounce of the ball. It is the second bounce that is uncertain".
If you position yourself to take advantage of that uncertainty (the second bounce), you'll get ahead of the pack.
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