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The Rise of the Quants

My favorite anecdote in Michael Lewis’s The Big Short is about one of the first people to make big bets against mortgage bonds, a Deutsche

When Bad Companies Do Good Things

Entrepreneurs often ask me where good ideas come from. My answer usually is from bad companies. The most obvious example of this is Facebook. MySpace

Knowers and Learners

At breakfast earlier this month, my friend Roy Gilbert made an offhand reference to two types of people, knowers and learners. It was a distinction

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