The Meb Faber Show - Better Investing cover image

Jason Calacanis on Democratizing Venture Capital, How to Handle Large Winners, & Why The Price You Pay Matters...Even in Venture Capital | #469

The Meb Faber Show - Better Investing

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Investing Markets

I think your approach is really thoughtful because behaviorally speaking, there is nothing worse as a poker player than building up a big stack and then losing it all the next day. And this happens so much in investing markets. Robin Hood is my big example. I had opportunities to sell and we also were locked up in that one, you know, unlike some other investments. We have a direct listing. This was a lock up. It wasn't a spec. So I think it's going to be a $50 stock in the next five years or for me. That's not probably the most awful way to go about it.

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