About this episode

David Weisburd interviews Michael Fisch about the long-term success of American Securities in private equity.

What happens when a private equity firm refuses to chase every new opportunity and spends 30 years getting better at one thing? David sits down with Michael Fisch, co-founder and CEO of American Securities, to unpack how the firm grew from a $71.4 million first fund to $23 billion in AUM without abandoning the investment discipline that got it there. Michael explains how private equity evolved from a sub-$1 billion institutional market into a multi-trillion-dollar industry, why American Securities resisted the temptation to expand into every adjacent asset class, and why seeing more deals matters almost as much as knowing which ones to reject.

People in this episode

Host: David Weisburd

Guest: Michael Fisch

Topics covered

• private equity
• investment discipline
• long-term strategy
• Warren Buffett
• American Securities
• deal selection

Keywords

• private equity
• investment strategy
• Warren Buffett
• American Securities
• long game
• AUM
• deal selection

Mentioned in this episode

Organizations: American Securities

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