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It strikes me that maybe the best analogy for your financial model is old-school 19th-century shipping (as in; the reason London is London, more or less)? You'r
by genericpseudo 10y ago
It strikes me that maybe the best analogy for your financial model is old-school 19th-century shipping (as in; the reason London is London, more or less)? You're taking a trading risk on illiquid goods but your holding times are reasonably short (certainly under a year, presumably much less than that in hot markets).
What a cool business. Congratulations.
- jdross 10y agoThanks, if you're ever in the Bay Area you're welcome to come by for lunch and learn more! I'm jd@opendoor.com
- akum 10y agoInteresting history tidbit about London. Do you have a reference/book about it?
- LordHumungous 10y agoHoly fuck this comment is LOL. Never change hacker news