Navigating Investment Arrows

This chapter explores the guiding principles of a venture capital firm as they analyze investment opportunities, focusing on the 'arrow of inevitability' and the 'arrow of impossibility.' Highlighting a pioneering company in the biotech sector, the discussion connects innovation with impactful technologies while examining market dynamics and speculation in tech stocks. The chapter also reflects on current market conditions, drawing parallels to past economic bubbles and emphasizing the need to return to fundamental investing practices.