Early stage investing provably cannot be as rational as most try and make it to be. When a group tips and looks like a good score is about to emerge.. the score

Early stage investing provably cannot be as rational as most try and make it to be. When a group tips and looks like a good score is about to emerge.. the score-keepers have to increment the score ( i.e. give investment ) as that is about the only function they serve. " Finally, I'd like to once again talk about investment management. That is a funny business because on a net basis, the whole investment management business together gives no value added to all buyers combined. That's the way it has to work. " - Charlie Munger When people rejected or passed on .. at that point in time .. it would have been entirely rational to do so. I am not certain even Mr.Jobs knew how time would turn.