The sure thing - How entrepreneurs really succeed

[Guest hellsten]

I'm no fan of Malcolm Gladwell, but this article from 2010 is quite good:

http://www.gladwell.com/pdf/surething.pdf

 

Zuckerman profiles John Paulson

alongside three others who made the

same subprime bet—Greg Lippmann, a

trader at Deutsche Bank; Jeffrey Greene,

a real-estate mogul in Los Angeles; and

Michael Burry

…

All were supremely confident of

their decision. All had done their homework.

All had swooped down, like perfect

predators, on a marketplace anomaly.

But these were not men temperamentally

suited to risk-taking. They worked so

hard to find the sure thing because anything

short of that gave them ulcers.

[fareastwarriors]

Thanks for sharing. I never really thought about it in that way  before. I was in the camp that entrepreneurs were usually risk-takers...

 

 

It was insightful.

[racemize]

reminds me of Pabrai's book.