How Probabilistic Thinking Can Help You Make Great Decisions
What every venture capital capitalist of all time has in common is that each of them missed almost all of the great deals of their generation.
The bad news is that you are going to make that kind of mistake. But the good news is that you don’t have to score 100%; you can take chances.
Success or failure is not at the unit of an individual investment. It’s at the level of a portfolio, and these portfolio effects are everywhere; level of a fund, at the level of a strategy, etc
90
467 reads
CURATED FROM
IDEAS CURATED BY
Marc Andreessen “reads backward” to reveal the patterns of societal reaction to new technology, optimistic and pessimistic scenarios for the future of the Internet, and why he thinks the education system is unfixable
“
The idea is part of this collection:
Learn more about technologyandthefuture with this collection
How to build trust in a virtual environment
How to manage remote teams effectively
How to assess candidates remotely
Related collections
Similar ideas to How Probabilistic Thinking Can Help You Make Great Decisions
Thinking Like Venture Capitalist
For the important things you have to consider, think like a venture capitalist: jot down everything you can on the subject you're trying to decide on ( the pros, cons for example) and read it out loud.
This is almost like writing an investment memo for a V.C. investment: ...
How to invest in Nasdaq stocks
While you can try to duplicate the Nasdaq 100 or the Nasdaq Composite with individual stock purchases, it would be more efficient to invest in an index fund.
- The Invesco Unit Investment Trust QQQ ETF is the most popular Nasdaq index fund and tracks the Nasdaq 100.
- Fidelity's...
3 steps that can help you make timely decisions
- Focus on the outcome. Decide what your goal is. Be able to describe it, in detail.
- Look at problems systematically. Consider the problem from all angles, including process, expectations, and resources. Talk to credible and reliable sources. Often, the people closest to...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates