“When the decline comes, it happens quickly.” – Limited Partner I remember hearing that many years ago from a savvy investor in VC funds. Many firms have a hard time moving on from a senior partner. That individual often “owns” the LP relationships. And as I’ve blogged before here, they control the Management Company and
Category: Politics
Ukraine and the Leningrad War Memorial
I was surprised and moved to see the video below from Ukrainian President Volodymyr Zelensky when the Russian attack started: I had assumed that the country’s leaders would flee to Lviv in the country’s western region or leave altogether. Zelensky is a curious figure to me, a former standup comedian who used his popularity to
Being Bravey, Remembering Dr. King
I recently read Olympic champion Alexi Pappas’ book Bravey, and so, courage has been on my mind. run like a bravey, sleep like a baby, dream like a crazy, replace cant with maybe through sunny & shady. — Alexi Pappas (@AlexiPappas) August 31, 2014 I find that it’s easy to talk about courage, but it’s
Wealth and Morality
There’s a great article in this morning’s Washington Post on Leon Cooperman, the known investor (paywall unfortunately). It chronicles his “rags to riches” story and current goal to give away nearly all of his wealth. Cooperman lives in some nice houses, but he drives a Hyundai and relies on a decades-old bike to get around
Choosing
One of my favorite items to cook in the fall and winter is a ragù, an Italian meat sauce that takes all day to braise. I know I’ve set the heat right when the occasional tiny bubble rises to the surface and pops. On a Sunday, it affords me the chance to catch the Patriots
Oaths
He won’t remember me, but back when I worked at Bain & Co., I interacted with Mitt Romney, when he was running the firm. A bit later, during a summer internship at Bain Capital, which he also was heading, I’d sit in on the weekly staff meetings and watch him in action. When Romney recently