This was such an awesome dialogue. Awesome interviewer, and an awesome hedge fund manager. It's hard to read as an entrepreneur because I think there's a diffe

This was such an awesome dialogue. Awesome interviewer, and an awesome hedge fund manager. It's hard to read as an entrepreneur because I think there's a difference between financial people, such as hedge fund managers or venture capitalists, and entrepreneurs. Most entrepreneurs that I know are highly optimistic, and almost willing to look beyond risk and uncertainty. Of course, that's not to say entrepreneurs are stupid with risk, or don't take calculated risks. But I would say investors are much more risk-averse. What I took away from this article: the housing market was too good to be true. You took Triple-A credit, and stuck it in the same pool as Triple-C credit. And you bet on the whole thing. I think that was pretty risky, and maybe it would have worked out if you rolled the dice a few more times, but most people just can't afford these houses. And now we're seeing the burst. I suppose it's a bit sobering to read. It reminds you not to be stupid about risk, but definitely take risks. I better just stop there ;)