Learn how to take losses quickly and cleanly. Don’t expect to be right all the time. If you have made a mistake, cut your losses as quickly as possible.
May 28, 2019
For all the presumed sophistication of Wall Street investment banking firms, I have yet to see a mention of a simple financial law. The law states the faster a company grows, the harder it is to maintain the same percentage of growth. We now have dozens of “unicorn” companies (billion dollar valuations) ready to go public. Many are 10 ...