Strong Opinions, Loosely Held
This is not investment advice; it’s just one unique approach to investing
Now, this is the Internet and this is America, so we have to give you some disclaimers. More
Investing
How to Angel Invest
A new podcast with advice for angels in technology hubs
Hey everybody, it’s Naval and Nivi. We’re going to talk about something very different than what we’ve discussed in the past. More
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
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