Chapter
Small Bets and Conviction in Investing
1:11:03 - 1:17:02 (05:59)
The speaker reflects on the reasoning behind making small bets and not letting the conviction of others override his own decisions, while mentioning Paradigm as the number one crypto-focused venture capitalist firm.
Clips
The speaker discusses the high cost of management fees, citing an example of a 2% management fee on a billion-dollar fund, which would result in $200 million over the life of the fund.
1:11:03 - 1:14:28 (03:24)
Investing
Summary
The speaker discusses the high cost of management fees, citing an example of a 2% management fee on a billion-dollar fund, which would result in $200 million over the life of the fund. The speaker's own fund does not charge any management fees.
ChapterSmall Bets and Conviction in Investing
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PodcastMy First Million
The lack of diligence in large bet sizes is concerning, as it shows that even the smartest investors may not be doing their due diligence on where the money is coming from and where it's being allocated in the market.
1:14:28 - 1:17:02 (02:34)
Investment
Summary
The lack of diligence in large bet sizes is concerning, as it shows that even the smartest investors may not be doing their due diligence on where the money is coming from and where it's being allocated in the market.