The book “Entrepreneurial Investing” offers a refreshing perspective by suggesting that investors who want to flourish in the stock market should take advantage of the so-called “entrepreneurial revolution”. As a matter of fact, we live in a period where small businesses and big corporations coincide with each other. Except it’s only the big players who succeed. Why is that? Because they have the capital to scale up. Thus, it leads them to have a direct influence on the stock market. But it’s the opposite for small business owners. They can’t grow without be crushed by the big players.
That’s why the author Callum Laing, founder and CEO of MBH Corporation PLC, shares a sustainable solution: Agglomeration. Small businesses become co-owners with a publicly holding listed company. But they still retain autonomy, while the stocks become public for investors like us. It’s a brilliant idea, because the more acquisitions of companies combined, the more beneficial it becomes for a held common stock to be risk free, high yield and faster growth. What I like about this investing book, compared to others, is that Callum Laing has a way of simplifying the world of investing in an easy three circle model: Liquidity, Impact and Alpha. He illustrates each concept by sharing his personal failures and how each mistake leads him closer to success. It’s an easy book to understand, considered the way the definitions are carefully laid out, and that the narrative is spoken by the author himself. I couldn’t help laughing about how the humor was used for some of his biggest business mistakes. For example, how when he first opened Agglomeration and ended up losing 250 million dollars. It makes the readers relate to the feeling of failure and that it’s never too late to surpass it. Hence, his numerous failures led him to create his perfect business vision that will propel the business industry and hopefully create more jobs in the future.
My favorite quote in the book was when the author made a metaphor to the small businesses and the Agglomeration: What if we were not to think of Agglomeration™ as a company, but as an ecosystem designed to attract and support the best companies and evolve and mutate over time in response to the environment it finds itself in?