Written by Condon Associates on 20 September 2011

For many years I have professed the ‘a bird in the hand is worth more that two in the bush’, or as I would put it in my debt collection speech, a dollar in the hand is worth more that two or ten on the promise! And I must say I still stand by that premise when it comes to debt collection.

However, the recent sale of MYOB by the venture capital entity that acquired it not that long ago from its shareholders just shows that in investing the investor should be focussed on the longer term to properly determine what is truly right.

It is true that their have been some spectacular displays of taking the deal whilst its on the table, the infamous Packer sale to Bond where Packer ultimately bought it back for a minutia of the sale price, and the POSN sale to Dubai Ports who ended up in significant financial crisis over its debt levels.

But in the MYOB case it was major shareholders that wanted to take a profit and run. The favour for their eagerness was that the Venture Capitalist acceded to their wishes but in exchange walked away with the lions share of the growth.

Look long and study thoroughly. If you only focus on what you can see immediately you will miss a whole lot of the world and the opportunity that is in it.

PLEASE NOTE:  All information contained in the articles below was correct at time of publishing.