1min snip

"The Riff" with Byrne Hobart and Erik Torenberg cover image

E10: Prediction markets are a trillion dollar opportunity. Why aren’t they working yet?

"The Riff" with Byrne Hobart and Erik Torenberg

NOTE

Focus on What You Are Actually Good At

Every company eventually ends up with some capital deployed to something that may not generate great returns. Buying headquarters or property might not be a material contributor to total returns and may indicate bad decision-making. Focusing on a trade that only makes the company look good if everything else is significantly worse is not advisable. It's important to pay attention to the time value of money and who in a transaction should have the information advantage. It's crucial to focus on what the company would actually be good at rather than making decisions based on other factors.

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