It sounds like an oxymoron, but it is not uncommon for investors to interview entrepreneurs while at the same time those investors have no money to make investments. This is one reason some funds take months to make investments, as they themselves are fundraising while simultaneously screening and doing due diligence. The reality is that fundraising as time consuming and challenging for fund...
In November 2010, Nick Brown happened to find himself at a Manchester conference attending a talk by popular British psychologist Richard Wiseman, who had written a book called The Luck Factor. “Basically, the way to be lucky is to just put yourself in situations where good things can happen,” Brown remembers, “because more good things will happen to you than bad on any given day, but nothing...
I have a strange attraction to worthless currencies, or those on the path to being worthless. Most people just take currencies for granted, never wondering where their value comes from nor understanding how it sometimes disappears. No one truly knows those answers, but sometimes we get accidental experiments that help us understand. The latest of those is happening now in Yemen. As described in...
I don’t follow the European stock markets but from time to time see and hear them referred to as a Bourse. Ever wonder where that term comes from? Googling doesn’t easily provide an answer. Turns out it’s a family name. The real story is related to the true stories of the original stock markets trading under a tree in a square or on a street. Turns out stock markets were not...
