Today’s guest is Xavier Helgesen, a brilliant entrepreneur, investor, and co-founder of Enduring Ventures, a modern-day Berkshire Hathaway acquiring overlooked, cash-flowing businesses with the goal of holding them forever. Recorded during Enduring Ventures' annual shareholder gathering, Ted and Xavier discuss the philosophy and mechanics of permanent capital, the hidden pitfalls of venture capital and private equity, and the surprising power of owning simple, Main Street businesses.

Xavier also shares lessons from his journey as a pioneering social entrepreneur, from building Better World Books into one of the world’s largest book resellers to founding Zola Electric, a solar energy company powering millions of lives across East Africa. They explore the complexities of balancing profit and purpose, why effective altruism falls short, and how Xavier’s experiences shaped his pivot toward strategic investing and entrepreneurship.

If you’re interested in permanent capital, thoughtful investing, and practical insights into entrepreneurship, this conversation is packed with wisdom.

Enjoy!