

20VC: The Memo: Bill Gurley, Doug Leone, Keith Rabois; Investing Lessons from Prior Busts, How Their Investor Psychology Changed, What Can Be Applied To Today's Market
14 snips Jun 29, 2022
Explore the thoughts of top investors on navigating market downturns and how their strategies have evolved over time. They analyze past economic busts, emphasizing the importance of adaptability and understanding investor psychology. Insights into distinguishing strong investments from fleeting trends are shared, alongside perspectives on potential future economic scenarios. The discussion also highlights the tech sector's resilience and sheds light on innovative financing solutions that empower entrepreneurs.
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No Conservative Venture
- There's no such thing as conservative venture; you must play the game on the field.
- Maximize returns during market highs to offset potential future losses.
Investment Assessment
- Regularly assess investments, considering their performance in a potential market crash.
- This exercise helps identify momentum-driven investments versus truly quality companies.
Navigating Downturns
- In uncertain markets, hold onto investments and carefully observe for a true market downturn.
- Once a downturn is confirmed, adjust quickly, whether it involves raising money or selling assets.