What is Investment Banking?

(This article is part one of the three part series: Introduction to Investment Banking in Cincinnati) No industry loves jargon like the finance industry. “Michaelson, run through the YoY (Year-over-Year) quarterlies to compare trailing EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) against industry comps and to update our multiples and overall TEV (Total Enterprise […]

Don’t win the day at the cost of the decade

Midway through the month of December, it hit me like a freight train: high fever, no appetite, stuck in bed with zero energy. Ahh, I assumed, the flu (despite having an annual shot) finally got me. I was proud of myself for having made it that far into 2022 with three small children at home […]

The Most Important Success Factor – Survival

“What are you reading ?”  my wife, Jane, asked me a few weeks ago.  I replied “A book about life in Vietnam Prison Camps.”   Jane has the not-so-fun privilege of falling asleep every night while listening to pages turning and a book light shining into her eyes well past when we should be in bed.  […]

You can’t sit around waiting for the answers

You can’t sit around waiting for the answers I had the privilege in 2014 to travel to Omaha for the Berkshire Hathaway Annual meeting. A friend had tickets and I was able to check an item off my bucket list. With the confluence of kids, work, COVID restrictions, and lack of a direct flight to […]

It’s Axiomatic…boogie woogie woogie

If you’re humming the Electric Slide right now (fun fact the song is called “Electric Boogie” by Marcia Griffiths), then I’ve done my job. Good luck getting it out of your head today. The word axiomatic (one of my favorites) means “self-evident or unquestionable.” As I write this article, the S&P 500 is down ~25% […]

The Weather Channel and Your Business

I’m writing this month’s RKCA Insights from our basement on Labor Day Weekend. My daughters are engrossed in “Cinderella” on Disney; and the plans we had for time outside and at the pool have been thwarted by a rainy weekend.  And if this were not the tenth time they’ve watched it in the last month, […]

Do The Painful Thing First

I’ve never actually kicked a can down the road, and I don’t think I’ve seen someone do it. Perhaps it’s a result of being a Millennial, maybe the generation before me would just kick cans around. I don’t know. I grew up on AIM chats and burning CDs and trying not to walk too fast […]

Asymmetrical Focus

If adding a third child to your family teaches you anything, it’s that how you focus your time matters.  I’m writing this from the Newborn Intensive Care Unit (NICU) at Cincinnati Children’s Hospital Medical Center (CCHMC), our 3-week-old spiked a fever  and we were sent to the ER and now NICU for a few days.  He’s battling […]

Nobody cares, not even your mama

It’s my opinion that in this current climate of 2022, it is easy to feel sorry for yourself. Here are some examples of conversations I’ve had over the last 72 hours with business owners: We had a prospective client scored as 70% confidence in our pipeline, but they went with another service provider We received […]

The Power of Mindset in a Deal

Over the last three years at RKCA I’ve had the opportunity to observe many sell side transactions. I use the term “observe” for two reasons: My primary day-to-day role is focused on our Direct Investment Portfolio My route to RKCA and by extension the world of investment banking is rather circuitous, and I’ve done more […]