I never compute returns. If you start forecasting cash flows, you lose innovation, you lose instinct. You leverage yourself down to mediocrity.Are you betting on black swans? If not, how are you going to find them?
Friday, April 8, 2011
Searching for Black Swans
I love this quote from Vinod Khosla, speaking about why he only invests in technologies that have a 90% chance of failure.
Subscribe to:
Post Comments (Atom)
1 comments:
I am working on an NLP technology. It's a second attempt. Black swans have fat tails. Read you interview with Tom Anderson. Does it make what I do a 90% failure rate ideal target for Vinod Khosla, given the fact that I admire now sold Sun since I've been 14 years old?
Post a Comment