Part 1: > Dealflow and access are the most important things to work on as an investor. Your judgment doesn’t have to be that great, because the returns follow a

Part 1: > Dealflow and access are the most important things to work on as an investor. Your judgment doesn’t have to be that great, because the returns follow a power law. And you can always get capital if you have good dealflow and access. Part 2: > At the end of the day, judgment is the single most important thing. It’s more important than access to deals and access to capital.