On ownership, succession, and what it takes to make things last.

Canada slipped into a technical recession and the Prime Minister pointed to immigration. The more uncomfortable reading is that the country spent a decade growing by addition while the engine of real growth quietly failed.

Five forces creating demand decoupled from economic cycles, and the lower-middle-market businesses sitting underneath them.

Why corporate restructuring is producing exactly the kind of operators the lower middle market needs, and why nobody has figured out how to introduce them yet.