Everyone else isn’t dumb

Dumb ideas don’t get funded. Dumb ideas aren’t getting funded. Dumb ideas aren’t even getting second meetings.

The only people complaining about “dumb investors” and “dumb ideas” are the lazy ones.

The lazy entrepreneurs that would rather complain than try to understand exactly how investment decisions are made.

The lazy community leaders that would rather complain than learn about investor’s fiduciary duty.

The lazy local investors that would rather complain than research the portfolios of the “dumb investors.”

Let me share a little secret I’ve learned about investing over the past few years: in a world where you can’t predict which businesses will be ultimately successful, the business of investing is about listening to the most pitches and investing in the least-worst in any given time period. And then you wait.

Also published on Medium.