On Scope Creep & ZIRP Lessons
discipline. With hindsight, our capital cycle approach has failed at times when we have underestimated the impact on industries of political and legal interference, disruptive technologies and globalisation.
Edward Chancellor • Capital Returns
"things end up back where they started"
the last 15 years of venture were the exception, not the rule. zirp and ever growing internet markets meant that we could believe in a set of collective delusions about the structure of markets and companies that ultimately lead to an insane belief that you could generate durable ... See more