September 29, 2026 · 3 min read
Why I built a holding company, not a fund
The difference between owning a business and managing an investment in one is the difference between patience borrowed and patience owned.
Occasional essays and reflections from James Song on building, owning, and growing businesses for the long term.
September 29, 2026 · 3 min read
The difference between owning a business and managing an investment in one is the difference between patience borrowed and patience owned.
September 22, 2026 · 2 min read
Every company claims a long-term focus. Few of them let the claim change how they make decisions. The time horizon you keep is a discipline, not a slogan.
September 15, 2026 · 3 min read
What ProspectScout has taught me about earning attention honestly — and why that discipline sits underneath everything else we build.
September 8, 2026 · 3 min read
Companies that hold information about professionals are holding something borrowed. Accuracy, consent, and restraint are not compliance items — they are the product.
September 1, 2026 · 3 min read
Our model of stewardship is easier to describe than to practice: be deeply involved in direction, and stay out of the way in everything else.
August 25, 2026 · 3 min read
There is a room reserved at Prevail Holdings for the next business. Here is how we think about who belongs in it.