Insights
Strategic Perspectives by Josh Adman, Managing Partner of DH76 Capital.
Welcome to DH76 Insights — a collection of sharp, experience-driven perspectives from our Founder & Managing Partner, Josh Adman. With over 25 years of hands-on expertise in capital markets, M&A, and real estate strategy, Josh shares the thinking behind the deals, trends shaping our industries, and lessons from the field. Whether you’re an operator, investor, or founder, these insights are built to inform, challenge, and inspire smart decisions.
The 12 Most Common Mistakes Business Owners Make in M&A
(And how to avoid learning them the hard way) For most founders, selling a business isn’t a repeatable skill. You build once, you exit once—and the stakes are usually life-changing. That’s exactly why so many good businesses leave money on the table or see deals...
Prediction Markets Aren’t a Fad — They’re a Mirror of How Modern Finance Actually Works
Every few years, something comes along that forces the financial world to admit what it already knows but doesn’t say out loud. Right now, that “something” is prediction markets. And judging by the way major firms are circling the space, this isn’t a quirky...
Buffett keeps selling. Not because he’s pessimistic — but because the math isn’t attractive.
Buffett has now been selling more stocks than he’s buying for about three straight years. Berkshire keeps unloading billions in stocks quarter after quarter and the cash pile keeps climbing to new highs. Buffett doesn’t sell because he needs the money. He sells when...
Hunting for Hidden Cash‑Flow Gems: Why Even Deep Pockets Aren’t Enough
Picture this: you manage a portfolio worth half a billion dollars. You’re advising clients who have deployable capital and are searching for profitable businesses of all sizes—steady, cash‑flowing operations ready to scale. Logically, you’d think this should be easy....
When Toronto’s Downtown Went Quiet: Why Foot Traffic Matters—and Who’s Paying the Price
When COVID-19 emptied our downtown office towers overnight, nobody imagined it would haunt Toronto’s streets five years later. Yet as of April 2025, foot traffic in the downtown core remains about 43% below its pre-pandemic levels from January 2020. How It Used to Be...
The Slow Death of Sleeping Giants
Del Monte filing for bankruptcy didn’t surprise me. It’s one of those names that’s been around so long, people forget to question whether it’s actually keeping up. It reminds me of The Bay — another legacy brand that kept shrinking while pretending everything was...
Discipline Over Drama: Lessons from a Real Trade (Opinion)
Mark Minervini’s long run of trading success isn’t about luck or gimmicks. It’s the result of serious discipline, strict risk management, and knowing exactly when to get in and out. But what really stands out is how he’s shaped his mindset—it’s not just trading...
Wealth Is Growing—But What Does It Really Mean to Be Wealthy Anymore?
A recent UBS Global Wealth Report caught my eye. It showed that median wealth per adult in Canada jumped nearly 10% in 2024, with our country adding 117,000 new U.S.-dollar millionaires in a single year. That brings Canada’s total to roughly 2.1 million. Globally,...
Canada’s Wake-Up Call Has Arrived – Buy Gold, Sell Oil, and Build Like Our Future Depends on It
John Rapley’s recent column in The Globe and Mail was the kind of piece that doesn’t just inform—it jolts. Titled “Buy gold, sell oil and get building,” it was a timely reminder that the ground beneath Canada’s economic assumptions is shifting fast. It inspired me to...
Opinion: Canada’s Construction Boom Is a Mirage—And the Banks Know It
Let’s get something straight: this isn’t a hiccup. It’s not a dip, a correction, or a cyclical adjustment. What’s happening in Canada’s development lending space is a full-blown reckoning—a slow, polite, maple-syrup-paced crisis hidden behind the polite smiles of...
Josh Adman
Founder & Managing Partner
Based in Toronto, I am focused on building and managing diverse portfolios across Canada and the United States. Much of my work is driven through U.S. partnerships and direct transactions.
My core focus is acquiring and scaling established, cash-flowing mid-market businesses and commercial real estate assets with strong fundamentals. I operate on a deal-by-deal basis, working closely with owners, partners, and investors to create long-term value without the constraints of a traditional pooled fund structure.
My mandate is straightforward: unlock operational efficiencies, structure intelligent capital solutions, and drive sustainable growth.
