After reading Ur note, I gave the following a thought.
I’ve been at this public/private investing since ‘87 &, have passed the baton over to my Son. Early on, I defined risk as “if you can’t sleep well” it was too much risk. The other component was whatever was committed to a private business opportunity or, public market investment “ c…
After reading Ur note, I gave the following a thought.
I’ve been at this public/private investing since ‘87 &, have passed the baton over to my Son. Early on, I defined risk as “if you can’t sleep well” it was too much risk. The other component was whatever was committed to a private business opportunity or, public market investment “ could the family nonetheless survive at least another year if the transaction blew up into a complete loss.
So many books & intellectual mathematical models never came close to these two basic simple rules of investing & defining risk.
After reading Ur note, I gave the following a thought.
I’ve been at this public/private investing since ‘87 &, have passed the baton over to my Son. Early on, I defined risk as “if you can’t sleep well” it was too much risk. The other component was whatever was committed to a private business opportunity or, public market investment “ could the family nonetheless survive at least another year if the transaction blew up into a complete loss.
So many books & intellectual mathematical models never came close to these two basic simple rules of investing & defining risk.