Brent Beshore of Permanent Equity shares his unique approach to investing with Ravin and Al, including using no debt, 30 year holdtime, and eschewing the traditional 2/20 PE fund structure. He emphasizes the flexibility that his approach has given him to make long term discussions.

The conversation then turns into Brent's deep Christian faith, as he shares his journey from existential dread and nihilism to finding meaning in life and happiness through faith. His previous struggles with pornography and alcohol are laid bare as he recounts the power of love and belief, and why he considers himself "the Forrest Gump of PE."

Disclaimer: The Forged in America podcast features personal stories, experiences, and opinions from hosts Al Goldstein and Ravin Gandhi. This content is for informational and entertainment purposes only and is not investment advice, financial advice, solicitation of investments, or any form of professional recommendation.We strive for accuracy, but mistakes can happen and are unintentional. Nothing discussed should be relied upon for making financial, business, or personal decisions. Always consult qualified professionals before acting on anything you hear.Past performance or results mentioned do not guarantee future outcomes. Listeners are responsible for their own choices.

In this episode, investor Steven Taslitz takes Ravin and Al through key deals in his storied career including Black Rifle Coffee, Sylvan Learning, and School of Rock, and discovering Navy SEAL Jocko Willink.

He emphasizes the value of the human relationships that are formed under pressure, whether on a competitive sports team of as co-founders.

Steven discusses why he never wanted to raise a typical 2 and 20 PE fund, and how he has had success after success in a myriad of industries and through 150+ deals.

The value of "straight talk" is discussed, and knowing what level of wealth you want to accumulate is.

Disclaimer: The Forged in America podcast features personal stories, experiences, and opinions from hosts Al Goldstein and Ravin Gandhi. This content is for informational and entertainment purposes only and is not investment advice, financial advice, solicitation of investments, or any form of professional recommendation.We strive for accuracy, but mistakes can happen and are unintentional. Nothing discussed should be relied upon for making financial, business, or personal decisions. Always consult qualified professionals before acting on anything you hear.Past performance or results mentioned do not guarantee future outcomes. Listeners are responsible for their own choices.

Al and Ravin reflect on why they continue doing this podcast, and the lessons gleaned from the stellar roster of guests thus far.

They discuss the value of learning to communicate in the "YouTube Era" using podcasting, and how sharing public opinions changes your thinking in interesting and unexpected ways.

The value of reading, and lifelong learning is emphasized. As always, a few war stories about painful deals are shared.

Disclaimer: The Forged in America podcast features personal stories, experiences, and opinions from hosts Al Goldstein and Ravin Gandhi. This content is for informational and entertainment purposes only and is not investment advice, financial advice, solicitation of investments, or any form of professional recommendation.We strive for accuracy, but mistakes can happen and are unintentional. Nothing discussed should be relied upon for making financial, business, or personal decisions. Always consult qualified professionals before acting on anything you hear.Past performance or results mentioned do not guarantee future outcomes. Listeners are responsible for their own choices.

Tony Davis shares his origin story with Ravin and Al, from being fired at age 33 to building the worlds largest dedicated healthcare private equity fund LINDEN PARTNERS. He shares the key to being a stellar fundraiser, along with the biggest challenges he faced.

The American healthcare system is discussed in depth, from high quality to bad incentives to insurance fraud. RFK's polarizing policies are discussed.

Also the value of setting high expectations for raising kids, and Tony's amazing effort to start a Jewish day school in Chicago.

Disclaimer: The Forged in America podcast features personal stories, experiences, and opinions from hosts Al Goldstein and Ravin Gandhi. This content is for informational and entertainment purposes only and is not investment advice, financial advice, solicitation of investments, or any form of professional recommendation.We strive for accuracy, but mistakes can happen and are unintentional. Nothing discussed should be relied upon for making financial, business, or personal decisions. Always consult qualified professionals before acting on anything you hear.Past performance or results mentioned do not guarantee future outcomes. Listeners are responsible for their own choices.

Sam Nazarian shares his journey with Al and Ravin from immigrant roots to building a global hospitality empire. He discusses the importance of brand building, ecosystem creation, and navigating the challenges of the nightlife and hotel industries.

He discusses his ventures in luxury hotels, restaurants, and his latest focus on longevity and healthcare, offering valuable insights for aspiring entrepreneurs. Also, he discusses Iran, immigration, and his health journey.

Disclaimer: The Forged in America podcast features personal stories, experiences, and opinions from hosts Al Goldstein and Ravin Gandhi. This content is for informational and entertainment purposes only and is not investment advice, financial advice, solicitation of investments, or any form of professional recommendation.We strive for accuracy, but mistakes can happen and are unintentional. Nothing discussed should be relied upon for making financial, business, or personal decisions. Always consult qualified professionals before acting on anything you hear.Past performance or results mentioned do not guarantee future outcomes. Listeners are responsible for their own choices.

Tom Gimbel joins Al and Ravin to converse and debate the current job market, and the impact of AI on employment. Political dynamics, particularly regarding military actions in Iran and Venezuela, are discussed, alongside the implications for the future of the Middle East.

They explore the complexities of political corruption, healthcare fraud, and the challenges faced by moderate Democrats. The conversation also touches on immigration, voter ID laws, and the importance of reading in education, while addressing systemic issues related to race and family structure. Ultimately, the hosts express a hopeful outlook for America's future despite the challenges it faces.

Disclaimer: The Forged in America podcast features personal stories, experiences, and opinions from hosts Al Goldstein and Ravin Gandhi. This content is for informational and entertainment purposes only and is not investment advice, financial advice, solicitation of investments, or any form of professional recommendation.We strive for accuracy, but mistakes can happen and are unintentional. Nothing discussed should be relied upon for making financial, business, or personal decisions. Always consult qualified professionals before acting on anything you hear.Past performance or results mentioned do not guarantee future outcomes. Listeners are responsible for their own choices.

In this engaging conversation, Al Goldstein and Ravin Gandhi sit down with Ali Hamed, founder and CEO of Traville Capital Management. They explore Ali's unique journey from aspiring baseball player to successful entrepreneur, discussing the importance of networking, building credibility, and the evolution of his investment firm.

Ali shares insights on navigating the private credit landscape and the interplay between venture capital and credit strategies, emphasizing the need for creativity and rigor in business.

In this conversation, Ali Hamed also drills down on the evolution of media and the creator economy, and the emotional challenges of entrepreneurship. He shares insights on identifying talent, overcoming early career challenges, and navigating ageism in the workplace. Hamed also reflects on the importance of growth for investment firms, the impact of political climates on business, and market predictions. He emphasizes the future of private markets and the significance of technology in shaping the next generation of entrepreneurs.

Disclaimer: The Forged in America podcast features personal stories, experiences, and opinions from hosts Al Goldstein and Ravin Gandhi. This content is for informational and entertainment purposes only and is not investment advice, financial advice, solicitation of investments, or any form of professional recommendation.We strive for accuracy, but mistakes can happen and are unintentional. Nothing discussed should be relied upon for making financial, business, or personal decisions. Always consult qualified professionals before acting on anything you hear.Past performance or results mentioned do not guarantee future outcomes. Listeners are responsible for their own choices.

Rylan Hamilton, the founder of BLUE WATER AUTONOMY, shares his gritty story with Ravin and Al. Rylan started off in the Navy, then went to Harvard Business School, and founded 6 River Systems which he sold to Shopify for $450M. He went on to raise $65M for Blue Water Autonomy with Google Ventures as the lead. The episode drills into the future of war, the effort to curb spending, the use of AI in the military, and how the military helps build character.

NOTE: Al and Ravin want to thanks Alex Goldstein for his technical assistance with processing this episode!

Disclaimer: The Forged in America podcast features personal stories, experiences, and opinions from hosts Al Goldstein and Ravin Gandhi. This content is for informational and entertainment purposes only and is not investment advice, financial advice, solicitation of investments, or any form of professional recommendation.We strive for accuracy, but mistakes can happen and are unintentional. Nothing discussed should be relied upon for making financial, business, or personal decisions. Always consult qualified professionals before acting on anything you hear.Past performance or results mentioned do not guarantee future outcomes. Listeners are responsible for their own choices.