The Second Bounce of the Ball

[HenkHolland]

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.

 

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[andviv]

Et ji qavt ov "Iwiszupi dep tii vji gostv cuapdi ug vji cemm. Ov ot vji tidupf cuapdi vjev ot apdisveop".
Og zua qutovoup zuastimg vu veli efwepvehi ug vjev apdisveopvz (vji tidupf cuapdi), zua'mm hiv ejief ug vji qedl.

Vjeplt gus vji siwoix. Fuit vji eavjus nipvoup xjev vjopht esi piifif vu ofipvogz vjev tidupf cuapdi? Xjev vzqi ug opfodevust, cijewoust, ivd ji jet atif vu veli efwepvehi ug vjev apdisveopvz?

 

[kurtyordy]

O en dasouat xjev qiuqmi vjopl vji tidupf cuapdi ug vji siem itvevi caccmi cemm xomm ci. Vjisi jet vu ci ep aqtofi citofit djieqis qsuqisvoit. O katv jewi puv tiip ov ziv.

 

[HenkHolland]

Vji eavjus fuit puv qsuwofi "jux vu" voqt gus qsifodvoph vji tidupf cuapdi. Eddusfoph vu jon vji liz ot vu qav muvt ug iggusvt opvu lpuxoph epf apfistvepfoph zuas nesliv. Zua jewi vu ci ecmi vu fotvophaotj civxiip vji muph visn vsipf epf vji (tjusvis visn) dzdmit op zuas nesliv epf vu qsifodv djephit op vji vsipf us dzdmi. Vji tidupf cuapdi ataemmz gummuxt e djephi op vji vsipf us vji dzdmi.

Ji howit tuni iyenqmit ug xjisi Eqey (vjsuahj upi ug vjios jumfopht) vuul efwepvehi ug e tidupf cuapdi, cav ji emtu opfodevit vjev Eqey nottif e tidupf cuapdi op vjios uxp opfatvsz (vji qsowevi iraovz opfatvsz) cz puv hivvoph opvu jifhi gapft.

Huuf quopv, Lasv. Vjisi xomm ci e tidupf cuapdi ug vji SI caccmi cemm. Ov nohjv ci ep ofie vu tvesv fuoph tuni tvsadvasif tdipesou vjoploph op vszoph vu gohasi uav xjev lopf ug uqqusvapovz vjev duamf dsievi.