Jake Taylor - From First Principles
The Business Brew
00:00
Is There a Probability That You're Wrong on This?
How do you size a bet like that then? And the reason that i'm asking these questions is, we just had a discussion about, there's a probability that you're wrong on this. So if you're wrong, how are you mitigating just absolute disaster if you're trafficking in something that's very liquid? Because if you feel like you have to sell it, all of a sudden there's going to be no bid, right? Ye. I tend to not position those too big. If if zero is a possibility. Yes. Well, your, i mean, your exit could be that eventually the business owner returns capital. Srright, like that. That's fine exit answer.
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