Information Gatherers vs. Information Analyzers

Several months ago, I wrote a blog post about how in today’s hyper-competitive business environment, those who win are only marginally better than their competitors. In this blog I want to describe what that marginal advantage is and how the “winners” in business maintain it.  Prior to the invention of the internet, gathering information was a slower and more manual process. Now it seems we suffer from … Continue reading Information Gatherers vs. Information Analyzers

Using Game Theory to Think More Critically

My brother and I are about the same age and when we were younger, we often got in trouble together. We weren’t delinquents. I’m talking about kid-trouble like running in the house when we were told not to and we bumped into something and broke it. When our parents asked what happened we would never tell on each other. We never agreed beforehand that we … Continue reading Using Game Theory to Think More Critically

Crowdfunding

No matter who you are, if you want to invest in a publicly traded company it is relatively easy to do so. But what if you want to invest in a private company? Or, what if you’re a startup company needing to raise money but you’ve exhausted your network of friends and family members and you’re unable to raise capital from a bank or from … Continue reading Crowdfunding

The Dip

I listened to a podcast this week called What You Will Learn where the hosts were discussing Seth Godin’s book, The Dip. The Dip is a figurative location that describes a low point in your personal or professional life where you either give up or keep going.  For any worthwhile endeavor, arriving at the dip is inevitable. The typical cycle begins with a strong start … Continue reading The Dip

Become A Smarter Investor by Asking Better Questions

The process of becoming a smarter investor isn’t solely about intelligence; it’s about curiosity. I don’t think intelligence and curiosity are mutually exclusive. But I do think that while intelligence inspires one to acquire more facts, curiosity inspires one to ask more questions. When I think about this comparison and how it applies to the world of investing, asking more questions can be immediately beneficial. … Continue reading Become A Smarter Investor by Asking Better Questions

Income-Generating vs Non-Income Generating Activities

One of the lessons I learned early on in my career was the importance of distinguishing between “income-generating” activities and “non-income-generating” activities. Income-generating activities are activities that have the potential to generate revenue and non-income generating activities are activities that do not. No matter who you are or what field you work in, every business activity can be clearly delineated as one or the other.   … Continue reading Income-Generating vs Non-Income Generating Activities

Understanding Risk and Uncertainty: Making Wise Decisions As An Entrepreneur

  I was listening to a Freakonomics podcast this week about the major difference between risk and uncertainty. Like most people, I previously assumed risk and uncertainty were essentially the same thing. But after listening to the researchers on this podcast it became blaringly apparent how different the two are. Webster defines risk as the “possibility of loss or injury” or “someone or something that … Continue reading Understanding Risk and Uncertainty: Making Wise Decisions As An Entrepreneur

Mutual Funds, Index Funds, or VC Funds?

Over the last few years there has been an ongoing dialogue amongst pension funds on whether or not actively managed funds are better than passively managed funds. This has been an ongoing topic in the pension world for several years now. Having observed and participated in these conversations I have noticed there are usually two sides to this argument: On the “pro” side there are fund … Continue reading Mutual Funds, Index Funds, or VC Funds?