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Startups and Macro Risk
Rockin’ Across Regions: Analyzing International Deal Flow from Industry Reports, Y Combinator, and…
Tom Whiteblog.stonks.com
While we tend to think of bear markets as risky, true risk actually builds up during periods of prosperity and simply materializes during bear markets. During good times, investors bid up risk assets, becoming less discerning and more willing to pay any price necessary to take the ride. Risks compound during such periods of bullishness, but this es
... See moreDaniel Crosby • The Behavioral Investor
“An excessive aversion to risk is a risk itself.”
Just read Balaji’s piece on the sovereign debt crisis. Geez. There’s a memorable matrix that defines events as “ignorable,” “decadal,” or “civilizational.” So for example, the 1993 WTC bombings were ignorable, while 9/11 made the decade. The H1N1 flue was ignorable, but COVID made the decade. The dot-com crash was ignorable, but the 2008 financial
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