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"Tan's point is that there are still power laws at play, choosing one random investment to disprove portfolio theory is incongruent." Except that he made no su
by chetanahuja 11y ago
"Tan's point is that there are still power laws at play, choosing one random investment to disprove portfolio theory is incongruent."
Except that he made no such point and just countered the anecdote with his own anecdotes. The original NYT article comes across as a well-researched, sensible piece of writing compared to this lazy, ill thought out blogpost.
- austenallred 11y ago> Multi-billion dollar companies happen when non-obvious ideas and huge market needs meet perfect execution. We've seen it before our eyes — Uber, Airbnb, Dropbox, Stripe, Instacart — and when you have the potential for 100X to 4000X returns, it's not about avoiding loss or minimizing downside. A proper venture portfolio is not like your 401K. The only way startup investors truly lose is if they miss the Uber.