Investment thesis

Love this from Joshua Kushner’s interview on Patrick O’Shaughnessy‘s Invest like the Best: Patrick: How do you balance or reconcile participating in a $2b round for stripe with a 2m check into a seed company? Joshua: They are equally concentrated - not in magnitude of capital but in... See more

Instead, Professor Kahneman favored an alternative that he termed “adversarial collaboration.” When people who disagree work together to test a hypothesis, they are involved in a common endeavor. They are trying not to win, but to figure out what’s true. They might even become friends.