Industry Leader @ Databricks. Ex Goldman Sachs. AI/Big Data Enthusiast. Co-Owner of Brooklyn Kura (Craft American Sake)
Nothing is more CERTAIN to make you poorer than trying to time when to buy and sell stocks. It just isn’t possible. Period. No investor in the history of stock markets has consistently figured out when to get in it get out. Mathematically, one mistimed decision can have material adverse impact on long term returns. Don’t bother wasting your energy thinking about it.
When an IPO goes up 72% on day 1, there is nothing to be proud of. This means: 1) Bankers grossly mis-priced the IPO 2) Zoom missed out on raising a ton more money 3) VCs and Employees missed out on making a ton of money The only happy ones are the Hedge-funds that got stock allocation
I cringe when students are told to “make an impact” or “find your passion” While wonderful in an academic setting, these words can be perilously one-dimensional in a professional one. There is no play book for success in the real world. And to make matters more difficult, the definition of success itself is constantly changing in every field. The best thing students should internalize is that learning is lifelong. Not just in school.