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www.barelkarsan.com | ||
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hurricanecapital.wordpress.com
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| | | | | "We have no control over outcomes, but we can control the process. Of course, outcomes matter, but by focusing our attention on process, we maximize our chances of good outcomes." -Michael J. Mauboussin "The practical difference between . . . risk and uncertainty . . . isthat in the former the distribution of the outcome... | |
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www.valueinvestingworld.com
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| | | | | Mentioned by Peter Bevelin in my 2009 interview with him (and it reminds me of THIS Warren Buffett quote from this year's Berkshire Meetin... | |
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25iq.com
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| | | | | "I think part of the popularity of Berkshire Hathaway is that we look like people who have found a trick. It's not brilliance. It's just avoiding stupidity." http://www.scribd.com/fullscreen/110302239?access_key=key-28dmiqkoda00xd7b7mae A Lattice of Mental Models Understanding how humans make decisions is critical for any investor.Unless careful attention is devoted to decision making processes the brain can be... | |
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danluu.com
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| | | [AI summary] The post explores the complexities of startup equity compensation, particularly options, compared to cash. It highlights the multifaceted nature of options, including tax implications, liquidity, and risk, while also acknowledging the potential for high returns if the startup succeeds. The author argues that options are generally less valuable than cash due to factors like time, uncertainty, and market volatility. However, they also note that some startups offer competitive packages that combine cash and equity, and that investing in startups directly can be a more favorable financial option than joining as an employee. The post concludes with the importance of understanding the trade-offs and making informed decisions based on individual circum... | ||
