WaterBridge: Oil and Water - [Business Breakdowns, EP.228]

This is Business Breakdowns. Business Breakdowns is a series of conversations with investors and operators diving deep into a single business. For each business, we explore its history, its business model, its competitive advantages, and what makes it tick. We believe every business has lessons and secrets that investors and operators can learn from, and we are here. to bring them to you.

To find more episodes of breakdowns, check out joinccolossus.com. All opinions expressed by hosts and podcast guests are solely their own opinions. Hosts, podcast guests, their employers, or affiliates may maintain positions in the securities discussed in this podcast. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. This is Matt Russell and today we are breaking down the recent IPO water bridge.

I was joined by James Davilos from Horizon Kinetics. And this one was a long time in the making. As you will hear in the episode, HK has a long history in these unique capital light high cash flow potential businesses, most notoriously with TPL, Texas Pacific Land Trust. And I had been in pursuit of getting HK as guests. But it wasn't until friendly listener Chris Polk made the connection that this all came to life.

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