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Some of the best opportunities involve badly managed companies, if only because the situation can improve rapidly with the imposition of good management. No matter how bad a company, there is almost always a point where it is a bargain.
Eugene Linden • The Mind of Wall Street: A Legendary Financier on the Perils of Greed and the Mysteries of the Market
Today, unlike in the 1950s and ’60s, everything seems to change every day. It’s particularly hard to think of a company or industry that won’t either be a disrupter or be disrupted (or both) in the years ahead. Anyone who believes all the firms on today’s list of leading growth companies will still be there in five or ten years has a good chance of... See more
Howard Marks • Howard Marks Memo - The Winds of Change
One of our theories is to seek out opportunities where there’s a major change. Major dislocation in the way things are. Wherever there’s turmoil, there's indecision. And wherever there’s indecision, there’s opportunity. So we look for the confusion when the big companies are confused. When the other venture groups are confused. That’s the time to s... See more
Rex Woodbury • Seed Investing: The State of the Union
But to be smart capital requires listening as well as scenario planning for variable conditions and having resilient sources of funding and commitment. As Union Square’s Wilson pointed out five years ago, many start-ups fear that taking corporate money limits their options and comes with strings that could turn away other potential investors—such a
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