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David Weisburd ๐Ÿš€
@DWeisburd
How I Invest Podcast | Weisburd Pierce
๊ฐ€์ž… January 2010
762 ํŒ”๋กœ์ž‰ ์ค‘    23K ํŒฌ
Michael Bruun of Goldman Sachs on the thing that never shows up on a balance sheet:โฃ โฃ "Does this company have a good tech stack? Does this company have a homogeneous set of data? Is it a clean dataset?"โฃ โฃ 25 ERP systems. No data lake. A dataset that's been neglected for years. None of that appears in the financials, but it determines how a company adopts AI, and Goldman bakes the cost of fixing it directly into their return model.โฃ โฃ It's future-proofing. Fix the plumbing during the ownership period, and a strategic buyer sees a company that's already ready.โฃ โฃ There's a J-curve. It costs real money upfront. But the alternative is selling a company that looks fine on paper and can't actually use the technology everyone assumes it can.
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