Say No to Early Liquidity

Compound interest is the eighth wonder of the world; never interrupt it unnecessarily. – Charlie Munger
Say no to secondary offers to buy your investments unless you can return your fund for a small piece of the stock. More
Apr 24 2018

11 Angel Investing Lessons

In the words of Charlie Munger, investing requires a latticework of mental models. Here are 11 lessons to begin filling out your angel investing lattice: If you can’t decide, the answer is no Proprietary dealfow means ‘they want you’ Investing takes years to learn, and longer to see returns Valuation matters Back $0B companies Judgment is important but overrated Invest only in technology Some of the best investors have no opinions Incentives make for bad advice Play fantasy football Power beats contracts 1. More
Jan 22 2018