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Archive of entries posted on 12th April 2019

A kvetch at Goldman Sachs. Some lessons about investing in things you can’t sell. Fees and salesmanship are the reasons such things exist

I get calls to invest in private companies. The company has a miraculous technical breakthrough. It has oodles of patents. It has great management. And, best of all, a persuasive salesman pushing me to invest. The usual stuff. I get calls because I’m on a list of accredited investors — which like LinkedIn’s list — […]