CHAPTER
9
TRANSDIGM
How to Turn a Million into a Billion
Wall Street has a tendency to oversimplify. Hours are long, and time is money; there’s little room for complication. From the time a rising senior in college is working as an intern all the way through his or her eventual promotion to portfolio manager or managing director, the skill of delivering an effective elevator pitch is trained, retrained, and refined. If an investment thesis can’t be distilled down to its key points in the time it takes to ride an elevator up or down, then it must not be worthwhile.
For TransDigm, a Cleveland-based aerospace parts company, ...
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