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What’s in it for him? Wouldn’t he be even happier to be actually helping his companies succeed rather than just picking them? If he finds 2N great companies, yo
by spoonjim 5y ago
What’s in it for him? Wouldn’t he be even happier to be actually helping his companies succeed rather than just picking them? If he finds 2N great companies, you’re asking him to pass up half of the money he could make... to prove... that he doesn’t actually benefit the companies that he invests in, and only selects them?
- majormajor 5y agoThe goal is certainly the reverse: get the full return, and demonstrate that it's not just your name and address book that are helping. And yes, this requires you to be very self-reflecting and open to the possibility of being wrong, but is it truly so hard to imagine that someone would rather know than not know?
- spoonjim 5y agoBut why is it better (for him, for anyone) for his success to come from one avenue than another? If he knows "companies I invest in tend to succeed," it's hard to see why he would skip over a great company, possibly allowing them to fail. It might even be considered unethical if that company produces something useful to the world.