4min chapter

The Alchemy of Money cover image

Josh Wolfe, Lux Capital: Macro, Mentors, Motivation

The Alchemy of Money

CHAPTER

Entrepreneurship - How to Tell the Difference Between Totally Crazy and Over the Edge

"The best entrepreneurs that I've seen are people that are really comfortable thinking differently," he says. "I have to find this balance between believing before others understand, and not being duped." The entrepreneur must spot the suckers, the liars and the people who are intentionally defrauding him or her in order to make a living as an investor,. He adds: "We're buying businesses at the early stages so you know how much money is going to turn over next year"

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