Chapter
The Importance of Having a Plan in Startup Investing
2:06:01 - 2:11:47 (05:46)
In startup investing, it is crucial to have a plan and stick to it. While luck may play a role, having a solid process and making a few good decisions can lead to success in the game of investing.
Clips
The speaker discusses the importance of having a plan before investing and not emotionally selling stocks, using their experience with Alibaba as an example.
2:06:01 - 2:08:41 (02:39)
investing
Summary
The speaker discusses the importance of having a plan before investing and not emotionally selling stocks, using their experience with Alibaba as an example.
ChapterThe Importance of Having a Plan in Startup Investing
Episode#408: The Random Show — New Year's Resolutions, 2010-2019 Lessons Learned, Finding Joy, Energy Management, and Much More
PodcastThe Tim Ferriss Show
Start-up investing comes with risks, but if you have a decent process, core strengths, and make a few good decisions, the chances of success are higher.
2:08:41 - 2:11:47 (03:06)
Startup investment
Summary
Start-up investing comes with risks, but if you have a decent process, core strengths, and make a few good decisions, the chances of success are higher. It's important to have rules, systems, and criteria in place to minimize risk, and admitting to oneself that risky investments might not be suitable for everyone's portfolio is essential.