Steamboat Willie put Walt Disney on the map as an animator. Business success was another story. Disney’s first studio went bankrupt. Later cartoons were monstrously expensive to produce, and financed at onerous terms. By the mid-1930s Disney had produced more than 400 cartoons – most of them short, most of them liked, and most of them losing money. Disney and his studio were nearly broke.
Fifteen months before his Ponzi scheme unraveled, Bernie Madoff made an astounding comment.
Franklin Delano Roosevelt looked around the room and chuckled when his presidential library opened in 1941. A reporter asked why he was so cheerful. “I’m thinking of all the historians who will come here thinking they’ll find the answers to their questions,” he said.
We are excited to welcome some new faces to the Collaborative team. Specifically, Nathan Friedman, Mimi Valdés, and Dwipal Desai are joining as venture advisors.
“You can’t produce a baby in one month by getting nine women pregnant. It just doesn’t work that way.” – Warren Buffett
Let me tell you the story of two investors, neither of whom knew each other, but whose paths crossed in an interesting way.
We are kicking off a search for analysts to join Collaborative Fund as part of a new two-year analyst program. We are hoping to add two new people to the team in the next 60 days, with the goal of adding different perspectives to our existing team.
Lakshman Achuthan went on TV in 2011 and predicted a recession was near. This wasn’t bold. Forecasting trouble was standard fare for economists after the Great Recession.
What if we could merge a private-markets mindset with public-market opportunities?
The Battle of Stalingrad was the largest battle in history. With it came equally superlative stories of how people dealt with risk.