This is a story about when big innovations happen.
An irony of studying history is that we often know exactly how a story ends, but have no idea where it began.
The most important lessons from history are the takeaways that are so broad they can apply to other fields, other eras, and other people. That’s where lessons have leverage and are most likely to apply to your own life.
Richard Held and Alan Hein raised 20 kittens in pitch black darkness. Which is the kind of thing you should only do if it’s necessary to prove a point critical to understanding how the world works. Thankfully they did just that.
Greed and fear control everything in investing.
This is a short story about what happened to the U.S. economy since the end of World War II.
Let me tell you the story of two investors, neither of whom knew each other, but whose paths crossed in an interesting way.
Capitalism’s success is built on a belief – a story – that, given the right incentives, people can work together to solve problems. It’s worked magnificently. It’s the greatest story ever told.
The number of public companies has been cut in half over the last 20 years, as the amount of capital in private equity and venture funds has increased more than 12-fold.
Where do we start?