Sublime
An inspiration engine for ideas
The strategic question in industrial finance, assuming you have something to work with in the way of a going business, is how to optimize its elements. The latitude for opinion, or subjective judgment, here is wide. But I think it would be generally agreed that, in principle, debt enhances the return on the stockholders’ investment, while at the
... See moreAlfred P Sloan Jr. • My Years With General Motors
and a small number will generate the lion’s share of the financial returns for a given fund; and
Scott Kupor • Secrets of Sand Hill Road
venture capital is the business of risk taking.
Arlan Hamilton • It's About Damn Time: How to Turn Being Underestimated into Your Greatest Advantage
The biggest secret in venture capital is that the best investment in a successful fund equals or outperforms the entire rest of the fund combined.
Peter Thiel, Blake Masters • Zero to One
A word on Rockefeller as a manager, for he has a claim to be not only the first great corporate executive but one of the greatest ever.
Charles R. Morris • The Tycoons: How Andrew Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan Invented the American Supereconomy
pioneer of modern portfolio theory
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
J. S. Morgan’s core business was short-term trade finance, “discounting bills,” as it was called. Its primary customers were American cotton or iron merchants. They typically sold their goods on credit, taking back a piece of paper, or “bill of exchange,” which could be cashed at a specific bank such as Barings at some set future date. If a
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