Our returns are basically a function of picking really risky, really early-stage stuff, with a low valuation because of the risk, and then getting involved and de-risking it so that the foundation of our returns is the delta between what we paid and what it’s worth with our help. And that delta? It’s human capital. A lot of people don’t get that. They think you just buy the lottery ticket and then somebody else will figure it out or else it’s magically going to be worth something. It makes me shake my head and wonder. (Location 1824)
“Where are you trying to get to and why are we doing this?” (Location 2868)
Singles hitters, on a decent team, tend to score more runs than home run hitters, because you can't score if you don't get on base. (Location 2896)
I’m okay with hitting lots of singles and doubles and making sure we end up with a winning team. (Location 2898)
think the largest one I determined is that it’s best to avoid friends. (Location 3354)