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VCs Also Succumb to Cognitive Biases
- gruseom 15y agoGandhi said: "First they ignore you, then they laugh at you, then they fight you, then you win." Nope. He didn't. The line comes from a 1914 (or so) speech by a union activist named Nicholas Klein. It hopped to "Gandhi" for the same reason the wording got more jazzy over the years - better for propagation. Interestingly, there are signs that the correct attribution has started to win the internet. http://www.google.com/#sclient=psy-ab&hl=en&site=&source=hp&q=gandhi+%22nicholas+klein%22 http://www.google.com/#sclient=psy-ab&hl=en&site=...
- diego 15y agoFixed, thanks. http://www.csmonitor.com/USA/Politics/2011/0603/Political-misquotes-The-10-most-famous-things-never-actually-said/First-they-ignore-you.-Then-they-laugh-at-you.-Then-they-attack-you.-Then-you-win.-Mohandas-Gandhi http://www.csmonitor.com/USA/Politics/2011/0603/Political-mi...
- deleted 15y ago[deleted]
- chris123 15y agoShould add "This Just In" to the blog post's title ;-) Because isn't it stating the obvious? Or do many people really think VCs are immune.
- mathattack 15y agoWas Fred Wilson being literal, or just encouraging folks to be contrarian? Contrarianism does have some empirical support. (Low PE stocks have outperformed high PE stocks over long time horizons)