When companies want to grow quickly, they have two choices.

The first is to start businesses from scratch and invest heavily in them. This is a risky play of course, because we all know that the failure rate of new businesses is high. There are usually substantial losses in the formative years of large businesses, which doesn't do any favours for headline earnings or for the next dividend for that matter.

The other option is to buy a business that already works. This is where the investment bankers, lawyers and other experts come in, supporting the M&A industry and helping companies create value.

With DealMakers articles for you to enjoy this morning, it's perhaps fitting to note that Stadio continues to reap benefits from its acquisition of CA Connect. M&A is a risky game and often doesn't work, but the upside when it does is fantastic. For that reason, Stadio is the lead article today.

It's a bit like playing golf. After four shots from the bunkers and another two drives that narrowly missed the club's favourite ducks, a perfect approach shot on the next hole and a 6ft putt for par is enough to keep you coming back for more.

I've personally only experienced the bunkers and the ducks when it comes to this sport, but I imagine that a par putt feels like a successful acquisition.

Scratch golfers are a rare breed and so are corporates that consistently execute solid deals. As is the case in investing, success usually comes down to buying the right business rather than getting every detail of the deal to be perfect.

As a final note on golf, Callaway's share price (NYSE:ELY) is up 50% YTD. In a world of social distancing, golf has become a popular choice again. Fascinating, isn't it?

As we head into the weekend, settle down with your drink of choice and learn more about s12J investments with the latest episode of Magic Markets. Haroon Jeena of Olive VCC joined us to unpack these investment vehicles and discuss the looming deadline of 30th June, after which no further funds can be invested in s12J structures in South Africa. You'll find the podcast link below.

Lastly, I take a quick look at Tesla and Twitter. Big brands don't always mean big profits, that's for sure.

With that, I'm signing off on my first week in the hot seat as managing editor of InceConnect. It's been a blast and I hope you've enjoyed it as much as I have.

Enjoy your weekend.

The Finance Ghost