Month: December 2013
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TelexFree — A quick business case assessment
Ever wonder why fund managers can’t beat the S&P 500? ‘Cause they’re sheep — and the sheep get slaughtered. I been in the business since ’69. Most of these high paid MBAs from Harvard never make it. You need a system, discipline, good people, no deal junkies, no toreadores, the deal flow burns most people…
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“I’m Busy”
As we enter the Christmas/holiday season, I’m asking lots of friends how they are doing and how their year has been. Almost everyone says “it’s busy”. This takes many forms, from “crazy busy” to “absolutely busy” or “scary busy”. Since words often lose their meaning, I’ve thought about a scale we could use to better…
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New Blog Title
I’ve always been intrigued by the story of the Harvard applicant who penned a three word answer to an essay prompt of “what is courage?” The myth has that he was accepted. I like the story because it highlights the risk and reward trade that we calculate in all our decisions.