Sublime
An inspiration engine for ideas
startup could be addressing a compelling market need, have the right team in place in an attractive industry, yet still the math might not work.
Patrick Vernon • Venture Capital Strategy: How to Think Like a Venture Capitalist
A fantastic story about the father of modern portfolio theory, Harry Markowitz, brings this to life. Markowitz considered the optimal mix of assets for his personal portfolio but found it all too complicated to wrap his prodigious brain around. “I should have computed the historical co-variances of the asset classes and drawn an efficient frontier,
... See moreBrian Portnoy • The Geometry of Wealth
The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage.
