🙋It's not what you know, it's who you do it with
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One of the biggest ideas in investing is aligned participants. It’s crucial because often it’s over long periods of (sometimes harrowing) time that great returns are had. Seth Klarman sums up the idea best, you want people who write checks when you ask, and cash checks when you give.
🙋It's not what you know, it's who you do it with
🙋It's not what you know, it's who you do it…
🙋It's not what you know, it's who you do it with
One of the biggest ideas in investing is aligned participants. It’s crucial because often it’s over long periods of (sometimes harrowing) time that great returns are had. Seth Klarman sums up the idea best, you want people who write checks when you ask, and cash checks when you give.