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
Every year I like to read Byron Wien’s Top Ten (economic) Surprises for the year. I’ve written about Byron before, but for those who don’t know him, he is the Vice Chairman for Blackstone, a large wealth management firm with $554 billion in assets under management. While Byron’s list of economic surprises are interesting and helpful, I always find his “Life’s Lessons” commentary at the … Continue reading Life Lessons for the New Year
I was recently talking with a close friend of mine about the U.S. economy and he asked me how an economic recession would affect the venture capital industry. He works in the heavy equipment leasing industry and he was telling me that he’s beginning to see some companies postpone capital spending on construction projects because of concerns about the economy. I always enjoy hearing his … Continue reading What Happens to VC in an Economic Downturn?
I was reading Byron Wien’s September 2019 market commentary and I thought I’d share a few takeaways. But before I do, I’d like to suggest signing up for Byron’s monthly commentary. I read several market commentary newsletters each month, but I find Byron’s is the easiest to read because his writing style is very conversational and the content is straightforward. I’ve never met Byron or … Continue reading Economic Outlook