The thing about venture capital is that the decisions you make, you often don't find out for 10 or 12 or 15 years whether they were right or wrong. And that, for somebody like me, has always been humbling. There are very few fields where you have to wait a decade or more to find out if your judgment was sound.
The challenge with investing is that the signal-to-noise ratio is incredibly low. You can do everything right and still lose money in the short term, and you can do everything wrong and still make money in the short term. That makes it very hard to learn.
3w ago
Underscored — save the words that stop you in your tracks.
