Author Ryan Holiday: How ‘stillness’ can help you become a better investor

But developing a sense of “stillness” may help you do it, says author Ryan Holiday. Being disciplined, even-keeled, and less emotional about your money can help with investing, too. One role model in investing stillness: Legendary investor Warren Buffett, who has called the stock market “a device for transferring money from the impatient to the patient.” Buffett “has to be really patient, which requires stillness,” Holiday says. Ryan Holiday Author, ‘Stillness Is the Key’Putting your finances on


But developing a sense of “stillness” may help you do it, says author Ryan Holiday. Being disciplined, even-keeled, and less emotional about your money can help with investing, too. One role model in investing stillness: Legendary investor Warren Buffett, who has called the stock market “a device for transferring money from the impatient to the patient.” Buffett “has to be really patient, which requires stillness,” Holiday says. Ryan Holiday Author, ‘Stillness Is the Key’Putting your finances on
Author Ryan Holiday: How ‘stillness’ can help you become a better investor Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-12  Authors: sam becker, ramit sethi, anna-louise jackson
Keywords: news, cnbc, companies, sense, market, author, holiday, better, things, requires, investor, help, stillness, ryan, investing, emotional, investment


Author Ryan Holiday: How 'stillness' can help you become a better investor

Staying focused on your investment goals while ignoring the ups and downs of the market isn’t easy. But developing a sense of “stillness” may help you do it, says author Ryan Holiday. Holiday’s new book, “Stillness Is the Key,” highlights how numerous historical figures — including JFK, Johnny Cash, and Leonardo da Vinci — used a strategic sense of patience, among other things, to achieve their goals. Being disciplined, even-keeled, and less emotional about your money can help with investing, too. “We know that the best investment strategy is long term. It’s indifferent to the day-to-day fluctuations of the market. It’s not emotional. It’s logical. It’s value-based,” Holiday tells Grow. The most dangerous aspect of investing, he says, is that investors “get way too excited when things are good. This is where bubbles and irrational exuberance comes from.”

One role model in investing stillness: Legendary investor Warren Buffett, who has called the stock market “a device for transferring money from the impatient to the patient.” Buffett “has to be really patient, which requires stillness,” Holiday says. “It requires him to see things that other people don’t see. It requires him to be wrong for extended periods of time, until he’s proven right.” Developing a sense of stillness and discipline like Buffett’s takes practice. Here are two ways you can strengthen this attribute as an investor:

Take emotion out of investment decisions

Feelings, both good and bad, can cause investors to make rash decisions. The goal is “not being jerked around by your emotions,” Holiday says, and “having some semblance of self-control.” In practice, this means that you don’t panic if the markets start to fall — and you don’t get giddy if they continue to climb. You try to keep your head down and stick to your plan, no matter what’s going on in the news.

We know that the best investment strategy is long term: It’s indifferent to the day-to-day fluctuations of the market. It’s not emotional. It’s logical. Ryan Holiday Author, ‘Stillness Is the Key’

Putting your finances on autopilot can help you take the emotion out of your investing decisions. Setting up recurring contributions to your investment or retirement accounts can keep you consistent and ensure that you’re benefiting from dollar-cost averaging, too. You can also work on building up your emergency fund and even try writing yourself a motivation letter to help you keep a steady emotional state when the markets get bumpy.

Limit how frequently you monitor your portfolio


Company: cnbc, Activity: cnbc, Date: 2019-10-12  Authors: sam becker, ramit sethi, anna-louise jackson
Keywords: news, cnbc, companies, sense, market, author, holiday, better, things, requires, investor, help, stillness, ryan, investing, emotional, investment


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‘Million Dollar Listing’ star Ryan Serhant: The best piece of investing advice I ever got

Real estate broker Ryan Serhant, star of the Bravo series “Million Dollar Listing” and “Sell It Like Serhant,” knows a thing or two about money — he spends his time selling high-end real estate to some of the richest people in the world, after all. Serhant’s investing advice: ‘Invest in things you know’The best piece of investment advice I was ever given was to invest in things you know. And that includes investing in technology, investing in people who are inventors and creating things — both p


Real estate broker Ryan Serhant, star of the Bravo series “Million Dollar Listing” and “Sell It Like Serhant,” knows a thing or two about money — he spends his time selling high-end real estate to some of the richest people in the world, after all. Serhant’s investing advice: ‘Invest in things you know’The best piece of investment advice I was ever given was to invest in things you know. And that includes investing in technology, investing in people who are inventors and creating things — both p
‘Million Dollar Listing’ star Ryan Serhant: The best piece of investing advice I ever got Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-09  Authors: sam becker, anna-louise jackson
Keywords: news, cnbc, companies, star, investing, advice, listing, serhant, piece, dollar, invest, youre, million, best, real, things, ryan, really, estate, actually, going


'Million Dollar Listing' star Ryan Serhant: The best piece of investing advice I ever got

Real estate broker Ryan Serhant, star of the Bravo series “Million Dollar Listing” and “Sell It Like Serhant,” knows a thing or two about money — he spends his time selling high-end real estate to some of the richest people in the world, after all. But when it comes to his own money, he’s fairly conservative. He saves a lot, and he knows the value of a dollar. When it comes to investing, he sticks to a pretty simple strategy: Invest in what you know. Serhant recently sat down with the Grow team to discuss the most valuable investing advice he’s received, how he learned about money at a young age, and more. Here is his story, as told to senior reporter Sam Becker.

Serhant’s investing advice: ‘Invest in things you know’

The best piece of investment advice I was ever given was to invest in things you know. Things you use. Things you could see yourself using; things you actually like. Don’t invest in stuff that doesn’t interest you, because then you’re not going to follow up on it. You’re not going to be as active an investor. So, I invest in things or products that I enjoy, use, or think are really interesting. And that includes investing in technology, investing in people who are inventors and creating things — both physical products as well as software — [and] investing in real estate.

When it comes to real estate, I used to really think that to be a wise investor, you have to invest what you actually have to spend, so don’t spend more than you can afford. But I’ve found that to be incorrect. The best investments I’ve made are the ones that actually push me outside of my comfort level. Because you need to work more. You need to do more to actually get a return on this investment. And that’s worked really, really well for me.

‘The best investment I ever made’

The best investment I ever made: I invest in my business all the time. I invested in our YouTube vlog, and I think it’s funny because before I started the vlog on YouTube, everyone thought it was stupid and crazy. Including me. Actually, mostly me. I thought it was dumb. Just another form of social media. I was just sick and tired of it and I had no idea what it was going to do to our business. But it is a massive way of driving business and driving brand awareness. So, by investing the money that I did into the vlog, more people buy my book, more people buy the course, more people reach out to me to buy and sell homes.

Don’t invest in stuff that doesn’t interest you, because then you’re not going to follow up on it. You’re not going to be as active an investor. Ryan Serhant Real estate broker, author, and TV star

How being ‘broke’ led to his real estate career


Company: cnbc, Activity: cnbc, Date: 2019-10-09  Authors: sam becker, anna-louise jackson
Keywords: news, cnbc, companies, star, investing, advice, listing, serhant, piece, dollar, invest, youre, million, best, real, things, ryan, really, estate, actually, going


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‘Million Dollar Listing’ star Ryan Serhant: How I learned about money

Ryan Serhant visits Build Brunch to discuss “SELL IT LIKE SERHANT: How to Sell More, Earn more, and Become the Ultimate Sales Machine” at Build Studio on September 20, 2018, in New York City. Real estate broker Ryan Serhant, star of the Bravo series “Million Dollar Listing” and “Sell it Like Serhant,” sat down with Grow for the first installment of our new series in which we ask authors, TV personalities, CEOs, and more how they first learned about money. If we wanted money, we had to work for i


Ryan Serhant visits Build Brunch to discuss “SELL IT LIKE SERHANT: How to Sell More, Earn more, and Become the Ultimate Sales Machine” at Build Studio on September 20, 2018, in New York City. Real estate broker Ryan Serhant, star of the Bravo series “Million Dollar Listing” and “Sell it Like Serhant,” sat down with Grow for the first installment of our new series in which we ask authors, TV personalities, CEOs, and more how they first learned about money. If we wanted money, we had to work for i
‘Million Dollar Listing’ star Ryan Serhant: How I learned about money Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-04  Authors: sam becker, ivana pino, myelle lansat
Keywords: news, cnbc, companies, learned, serhant, dollar, million, star, wanted, thats, work, really, ryan, york, listing, money, sell, estate


'Million Dollar Listing' star Ryan Serhant: How I learned about money

Ryan Serhant visits Build Brunch to discuss “SELL IT LIKE SERHANT: How to Sell More, Earn more, and Become the Ultimate Sales Machine” at Build Studio on September 20, 2018, in New York City.

Real estate broker Ryan Serhant, star of the Bravo series “Million Dollar Listing” and “Sell it Like Serhant,” sat down with Grow for the first installment of our new series in which we ask authors, TV personalities, CEOs, and more how they first learned about money. Here is Serhant’s story, as told to senior reporter Sam Becker.

My work ethic: ‘If you work harder, you get more money’

My parents were smart with us. They taught us the value of the dollar and the value of hard work. I think that was the most important thing that they wanted us to understand. We never got money for free. It always had to come with some type of work. And it wasn’t just chores: It was manual labor, outside. It was shoveling for neighbors when it would snow, for example. If we wanted money, we had to work for it. That was instilled into my brain for as long as I can remember. My brothers and sisters all say the same thing. Our parents really, really, really pushed on us that if you want money you have to work for it, and if you work harder, you get more money. That’s it. It’s not that hard. That’s how you make it happen. Then with that money you can go and buy things that you want, or you can invest it or you can save it. You can do whatever you want.

If we wanted money, we had to work for it. That was instilled into my brain for as long as I can remember. Ryan Serhant Real estate broker, author, and TV star

My earning strategy: ‘Be yourself, know your stuff’

I distinctly remember what it was like to be in New York City in the summer of 2008 with no money. I had no idea how I was going to pay my rent come September 1. I had no idea how I was going to buy groceries. I had no idea what I was going to do. And that is a terrifying, sickening, awful feeling. If you’ve ever been that broke — anywhere, but especially in New York City where everything is really expensive — I feel for you. You know what I’m talking about. That is really what pushed me to get into real estate. I had a friend who said, “Listen, it doesn’t cost anything, just get your real estate license, go out there, and start advising people and showing people rental apartments. You don’t have to buy anything. You don’t have to do anything. All you have to do is be yourself, know your stuff, and people will pay you a fee for showing them apartments.” And that’s what I did. And it worked. I got my first rental commission and it was like $500. I was like, “Yes, 500 bucks! Awesome!” And my next one was $700 and then $1,000, and it grew slowly from there.

My savings secret: ‘I always have a massive, massive rainy day fund’


Company: cnbc, Activity: cnbc, Date: 2019-10-04  Authors: sam becker, ivana pino, myelle lansat
Keywords: news, cnbc, companies, learned, serhant, dollar, million, star, wanted, thats, work, really, ryan, york, listing, money, sell, estate


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Apple announces free repair program for some iPhone 6s devices that might not turn on

Tim Cook, chief executive officer of Apple Inc., right, speaks with Ryan Tedder, lead singer of One Republic, as other members of the band look on after a product announcement in San Francisco, Sept. 9, 2015. Apple is expected to unveil its iPhone 6s and 6s Plus. David Paul Morris | Bloomberg | Getty Images


Tim Cook, chief executive officer of Apple Inc., right, speaks with Ryan Tedder, lead singer of One Republic, as other members of the band look on after a product announcement in San Francisco, Sept. 9, 2015. Apple is expected to unveil its iPhone 6s and 6s Plus. David Paul Morris | Bloomberg | Getty Images
Apple announces free repair program for some iPhone 6s devices that might not turn on Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-04  Authors: kif leswing
Keywords: news, cnbc, companies, repair, speaks, announces, turn, apple, program, iphone, unveil, tedder, sept, ryan, tim, free, singer, san, devices


Apple announces free repair program for some iPhone 6s devices that might not turn on

Tim Cook, chief executive officer of Apple Inc., right, speaks with Ryan Tedder, lead singer of One Republic, as other members of the band look on after a product announcement in San Francisco, Sept. 9, 2015. Apple is expected to unveil its iPhone 6s and 6s Plus.

David Paul Morris | Bloomberg | Getty Images


Company: cnbc, Activity: cnbc, Date: 2019-10-04  Authors: kif leswing
Keywords: news, cnbc, companies, repair, speaks, announces, turn, apple, program, iphone, unveil, tedder, sept, ryan, tim, free, singer, san, devices


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How a side hustle walking dogs became a business that brings in six figures

Ryan Stewart has always loved dogs. All the same, he says, he fell into his career walking and training dogs “sort of by accident.” Stewart started his business Ryan for Dogs in Long Island City initially as side hustle. “Instead of ‘dance, dance, dance,’ I came out of the hospital like this: ‘Oh look, trees. “I really, really put everything into it, and it paid off,” he says.


Ryan Stewart has always loved dogs. All the same, he says, he fell into his career walking and training dogs “sort of by accident.” Stewart started his business Ryan for Dogs in Long Island City initially as side hustle. “Instead of ‘dance, dance, dance,’ I came out of the hospital like this: ‘Oh look, trees. “I really, really put everything into it, and it paid off,” he says.
How a side hustle walking dogs became a business that brings in six figures Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-24  Authors: alizah salario, anna-louise jackson, myelle lansat
Keywords: news, cnbc, companies, brings, look, city, business, hustle, dogs, dog, ryan, stewart, walking, figures, really, dance


How a side hustle walking dogs became a business that brings in six figures

Ryan Stewart has always loved dogs. All the same, he says, he fell into his career walking and training dogs “sort of by accident.”

Stewart started his business Ryan for Dogs in Long Island City initially as side hustle. It took a year to become profitable, but now, Stewart says, “I’m able to work part time, let’s say 20, maybe 25 hours a week, and make at least six figures a year.”

Stewart, who came to New York City as a teenager with dreams of becoming a professional dancer, was sidelined when he was diagnosed with cancer before starting college. After he underwent chemotherapy, his focus shifted. “Instead of ‘dance, dance, dance,’ I came out of the hospital like this: ‘Oh look, trees. Oh look, people,'” he says.

Needing to earn some money while he pursued acting gigs but “determined not to wait tables,” Stewart decided to try a side hustle first as a dog trainer and then as a walker. He’d always seemed to understand dogs. To develop his skills further, Stewart read books about dog psychology and worked with other trainers.

He had also recognized a growing need for dog walkers, so it made sense to capitalize on the demand. “I really, really put everything into it, and it paid off,” he says.


Company: cnbc, Activity: cnbc, Date: 2019-09-24  Authors: alizah salario, anna-louise jackson, myelle lansat
Keywords: news, cnbc, companies, brings, look, city, business, hustle, dogs, dog, ryan, stewart, walking, figures, really, dance


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FTC dealing with Facebook could signal vigorous enforcement to come: Pro

FTC dealing with Facebook could signal vigorous enforcement to come: Pro2:42 PM ET Thu, 2 May 2019CNBC’s “Power Lunch” team breaks down the new privacy oversight on the table for Facebook and CEO Mark Zuckerberg with Nancy Scola, Politico technology reporter that broke the story, and Ryan Radia, an adjunct fellow for CEI, a lobbying group promoting limited regulation.


FTC dealing with Facebook could signal vigorous enforcement to come: Pro2:42 PM ET Thu, 2 May 2019CNBC’s “Power Lunch” team breaks down the new privacy oversight on the table for Facebook and CEO Mark Zuckerberg with Nancy Scola, Politico technology reporter that broke the story, and Ryan Radia, an adjunct fellow for CEI, a lobbying group promoting limited regulation.
FTC dealing with Facebook could signal vigorous enforcement to come: Pro Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-02
Keywords: news, cnbc, companies, scola, come, ryan, dealing, facebook, pro, signal, technology, ftc, vigorous, team, table, enforcement, zuckerberg, reporter


FTC dealing with Facebook could signal vigorous enforcement to come: Pro

FTC dealing with Facebook could signal vigorous enforcement to come: Pro

2:42 PM ET Thu, 2 May 2019

CNBC’s “Power Lunch” team breaks down the new privacy oversight on the table for Facebook and CEO Mark Zuckerberg with Nancy Scola, Politico technology reporter that broke the story, and Ryan Radia, an adjunct fellow for CEI, a lobbying group promoting limited regulation.


Company: cnbc, Activity: cnbc, Date: 2019-05-02
Keywords: news, cnbc, companies, scola, come, ryan, dealing, facebook, pro, signal, technology, ftc, vigorous, team, table, enforcement, zuckerberg, reporter


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LPL strategist Ryan Detrick says bull market has more room to run


LPL strategist Ryan Detrick says bull market has more room to run Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-17
Keywords: news, cnbc, companies, strategist, ryan, room, market, detrick, lpl, run, bull



Company: cnbc, Activity: cnbc, Date: 2019-04-17
Keywords: news, cnbc, companies, strategist, ryan, room, market, detrick, lpl, run, bull


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Ohio Rep. Tim Ryan — who once tried to take down Nancy Pelosi — is running for president

Rep. Tim Ryan, an Ohio Democrat best known for trying to topple Nancy Pelosi as House Democratic leader, will run for president, he announced Thursday. The congressman, who has served since 2003, enters a crowded Democratic presidential field jockeying to take on President Donald Trump next year. Ryan, whose challenge to Pelosi from the center failed in 2016, will likely position himself as a moderate option in the field. The congressman represents a district with a large auto-industry presence.


Rep. Tim Ryan, an Ohio Democrat best known for trying to topple Nancy Pelosi as House Democratic leader, will run for president, he announced Thursday. The congressman, who has served since 2003, enters a crowded Democratic presidential field jockeying to take on President Donald Trump next year. Ryan, whose challenge to Pelosi from the center failed in 2016, will likely position himself as a moderate option in the field. The congressman represents a district with a large auto-industry presence.
Ohio Rep. Tim Ryan — who once tried to take down Nancy Pelosi — is running for president Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-04  Authors: jacob pramuk, tom williams, cq-roll call group, getty images
Keywords: news, cnbc, companies, state, nancy, field, tried, trump, run, president, pelosi, represents, ohio, running, rep, tim, ryan, congressman, gm


Ohio Rep. Tim Ryan — who once tried to take down Nancy Pelosi — is running for president

Rep. Tim Ryan, an Ohio Democrat best known for trying to topple Nancy Pelosi as House Democratic leader, will run for president, he announced Thursday.

The congressman, who has served since 2003, enters a crowded Democratic presidential field jockeying to take on President Donald Trump next year. More than a dozen Democrats have already declared their candidacy.

Ryan, whose challenge to Pelosi from the center failed in 2016, will likely position himself as a moderate option in the field. The congressman represents a district with a large auto-industry presence. He will likely tout his efforts to boost manufacturing and working-class Americans in a challenge to Trump’s outreach to blue-collar workers.

“When our local GM factory was shutdown last Thanksgiving, I got a call from my daughter who was consoling her friend whose father was an auto worker and was just laid off. My daughter said to me, with tears in her voice, ‘You have to do something,'” reads his campaign website launched Thursday. “That’s why I am running for President. It’s time to do something.”

He also cites issues such as health care, education and veterans’ care on his campaign website.

Ryan faces an uphill climb in a field that already contains six senators and two current and former governors — and which could soon include a former vice president. Still, the 45-year-old congressman could see his background and experience in swing state Ohio as an asset, especially after Sen. Sherrod Brown, D-Ohio, declined to run for president.

Trump won the state comfortably in 2016, in part by pledging to renegotiate trade deals and boost the auto industry in the state. Ryan represents Lordstown, where General Motors shut down a manufacturing plant last month. The community will lose about 1,300 jobs, though about 417 of those will transfer to other GM plants.

In November, Ryan said Trump “has been asleep at the switch and owes this community an explanation” for the facility closure.

Trump has recently criticized GM and pushed the company to reopen the Lordstown plant.

Every presidential election winner has carried Ohio since 1964.

Subscribe to CNBC on YouTube.


Company: cnbc, Activity: cnbc, Date: 2019-04-04  Authors: jacob pramuk, tom williams, cq-roll call group, getty images
Keywords: news, cnbc, companies, state, nancy, field, tried, trump, run, president, pelosi, represents, ohio, running, rep, tim, ryan, congressman, gm


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Meet the women who made Oscar history for their work on ‘Black Panther’

The 91st Academy Awards was one of the most diverse to date, with a record number of women and African-Americans taking home trophies for their work. Among those who made history were Ruth E. Carter and Hannah Beachler, who won Best Costume Design and Best Production Design, respectively. Both were recognized for their work in “Black Panther,” and each is the the first African-American to win in their category. In their acceptance speeches, Carter and Beachler each thanked “Black Panther” direct


The 91st Academy Awards was one of the most diverse to date, with a record number of women and African-Americans taking home trophies for their work. Among those who made history were Ruth E. Carter and Hannah Beachler, who won Best Costume Design and Best Production Design, respectively. Both were recognized for their work in “Black Panther,” and each is the the first African-American to win in their category. In their acceptance speeches, Carter and Beachler each thanked “Black Panther” direct
Meet the women who made Oscar history for their work on ‘Black Panther’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-25  Authors: courtney connley, kevork djansezian, getty images, frazer harrison, getty images entertainment
Keywords: news, cnbc, companies, work, design, meet, women, beachler, carter, stand, better, ryan, panther, offered, black, coogler, history, oscar


Meet the women who made Oscar history for their work on 'Black Panther'

The 91st Academy Awards was one of the most diverse to date, with a record number of women and African-Americans taking home trophies for their work.

Among those who made history were Ruth E. Carter and Hannah Beachler, who won Best Costume Design and Best Production Design, respectively. Both were recognized for their work in “Black Panther,” and each is the the first African-American to win in their category.

In their acceptance speeches, Carter and Beachler each thanked “Black Panther” director Ryan Coogler for not only creating the groundbreaking Marvel film, but for also believing in their abilities to help bring the story to life.

“I stand here with agency and self-worth because of Ryan Coogler, who not only made me a better designer and storyteller, but a better person,” said Beachler, who accepted the award alongside set decorator Jay Hart.

Beachler, who previously worked with Coogler on “Fruitvale Station” and “Creed,” continued, saying, “I stand here because this man offered me a different perspective of life. He offered me a safe space, was patient and gave me air, humanity and brotherhood.”


Company: cnbc, Activity: cnbc, Date: 2019-02-25  Authors: courtney connley, kevork djansezian, getty images, frazer harrison, getty images entertainment
Keywords: news, cnbc, companies, work, design, meet, women, beachler, carter, stand, better, ryan, panther, offered, black, coogler, history, oscar


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Tech bankers are making their money in the enterprise while Facebook and Google stay quiet

While big internet companies like Facebook and Google have been fairly quiet of late on the deal-making front, business software vendors have kept bankers quite busy. It’s been five years since Facebook purchased WhatsApp and Oculus, and about the same amount of time since Google bought Nest. “I think the real heart of the M&A market is actually much more enterprise-focused,” Ryan said. IBM spent $34 billion on Red Hat, Broadcom bought CA for $18.9 billion and SAP purchased Qualtrics for $8 bill


While big internet companies like Facebook and Google have been fairly quiet of late on the deal-making front, business software vendors have kept bankers quite busy. It’s been five years since Facebook purchased WhatsApp and Oculus, and about the same amount of time since Google bought Nest. “I think the real heart of the M&A market is actually much more enterprise-focused,” Ryan said. IBM spent $34 billion on Red Hat, Broadcom bought CA for $18.9 billion and SAP purchased Qualtrics for $8 bill
Tech bankers are making their money in the enterprise while Facebook and Google stay quiet Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-17  Authors: jordan novet
Keywords: news, cnbc, companies, companies, bankers, think, ma, money, quiet, google, market, stay, tech, billion, internet, spent, salesforce, enterprise, ryan, software, facebook, making


Tech bankers are making their money in the enterprise while Facebook and Google stay quiet

While big internet companies like Facebook and Google have been fairly quiet of late on the deal-making front, business software vendors have kept bankers quite busy.

“In some ways, consumer internet is a relatively sporadic M&A market,” said Colin Ryan, co-lead for Americas mergers and acquisitions at Goldman Sachs, at the bank’s Technology and Internet Conference in San Francisco this week.

It’s been five years since Facebook purchased WhatsApp and Oculus, and about the same amount of time since Google bought Nest. To the average consumer, MuleSoft and Red Hat may not be household names, but they’ve been huge deals for Salesforce and IBM, respectively, and have created fat paydays for M&A bankers. Private equity firms, meanwhile, have been actively buying up smaller cloud players.

“I think the real heart of the M&A market is actually much more enterprise-focused,” Ryan said.

Last year was huge in software. IBM spent $34 billion on Red Hat, Broadcom bought CA for $18.9 billion and SAP purchased Qualtrics for $8 billion. Additionally, Microsoft spent $7.5 billion on GitHub and Salesforce shelled out $6.5 billion on MuleSoft.

Newly public companies are also making big purchases. For instance, Twilio recently acquired SendGrid for $2 billion in stock.

Ryan said that with stock prices surging for emerging software companies, their valuations are a “good currency to go and pursue M&A to grow their business.”

And in the future, the biggest cloud providers could get more active in deals.

“I think there’s a real opportunity to capture some of – I’ll call it economic opportunity that exists up the stack beyond the infrastructure layer, whether in applications or somewhere between the two,” Ryan said.

WATCH: M&A activity will continue pace in this market, says Goldman CEO David Solomon


Company: cnbc, Activity: cnbc, Date: 2019-02-17  Authors: jordan novet
Keywords: news, cnbc, companies, companies, bankers, think, ma, money, quiet, google, market, stay, tech, billion, internet, spent, salesforce, enterprise, ryan, software, facebook, making


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