Matthew Giampetroni
@matthewgiampetroni
Venture Capitalist at Velvet Sea Ventures
Matthew Giampetroni
markets cannot be perfectly efficient because there is a cost to gathering information and reflecting it in asset prices and therefore there must be a proportionate benefit in the form of excess returns
Michael Mauboussin • Who Is On the Other Side?
When the dominant medium of an age shifts, the nature of power shifts with it.
Eugene Wei • Smoke and Mirrors — Remains of the Day
markets—these sublime machines that synthesize beliefs and aggregate them into prices—instantiate a secularized version of the sacred
Byrne Hobart • Manias and Mimesis: Applying René Girard’s Mimetic Theory to Financial Bubbles
the people around you will either protect or infringe on the climate within your skull.
Graham Duncan • Letter to a Friend Who May Start a New Investment Platform - Graham Duncan Blog
M&A is by far the largest source of redistribution of corporate resources among the capital allocation alternatives. M&A deals in 2021 totaled nearly $2.6 trillion, or 13.5 percent of sales. The chart shows that M&A tends to be cyclical. Early movers tend to do better than companies that buy later in the cycle.
Dan Callahan • Capital Allocation
There is a large random factor in the success of any company. So the guys you end up reading about in the papers are the ones who are very smart, totally dedicated, and win the lottery.
Paul Graham • How to Make Wealth
If you can't measure the value of the work done by individual employees, you can get close. You can measure the value of the work done by small groups.
Paul Graham • How to Make Wealth
Firms should invest in innovation while cutting losses when a strategy is unlikely to pay off. This is an explicit recognition of the value of quitting