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13min chapter
20VC: Michael Mauboussin on Good vs Bad Investment Decision-Making Processes, How To Improve Your Process, How To Know When it Needs Improving and The Single Biggest Mistakes People Make In Their Decision-Making Process
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
Luck vs. Randomness in Investment Decision-Making
This chapter examines the distinction between luck and randomness in the context of investment decisions, employing practical examples to illustrate how outcomes can often seem like luck amidst inherent randomness. It explores the complex interplay between skill and luck, emphasizing the tendencies of investors and the need for careful reflection on biases and decision-making frameworks. The discussion delves into the psychological pitfalls in investing, advocating for objective assessments and structured approaches to enhance decision-making in venture capital.
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