Invest Like the Best with Patrick O'Shaughnessy Morgan Housel – Walking and Thinking - [Invest Like the Best, EP.04]
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Oct 4, 2016 
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Career Change
- Morgan Housel left The Motley Fool after nine years to join Collaborative Fund.
- He felt that staying in the same role might lead to regrets about not trying something new.
Due Diligence Differences
- Venture capital due diligence often involves assessing a founder's passion, not just spreadsheets.
- Both public and private market investing have their own forms of due diligence, each with potential pitfalls.
Embracing Uncertainty
- A startup CEO embraced the uncertainty of venture capital, viewing a 1/50 chance of success as positive.
- This contrasts with the precision sought in public markets, where the range of outcomes is narrower.