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Motley Fool Hidden Gems Investing

Finding “Home Run” Investments

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.33.1K Ratings

🗓️ 26 May 2024

⏱️ 37 minutes

🧾️ Download transcript

Summary

Venture capitalists don’t mind strike-outs, so long as they get their home runs. What can stock investors learn from that approach?  Ricky Mulvey talks with Ilya Strebulaev and Alex Dang, co-authors of “The Venture Mindset: How to Make Smarter Bets and Achieve Extraordinary Growth,” about: The benefits of building an “anti-portfolio” Why it pays to get outside of your own four walls Lessons from a piggy bank auction Strebulaev is also the founder of the Venture Capital Initiative and a Professor of Private Equity and Finance at Stanford’s Graduate School of Business. Dang is a CEO, technology executive, and advisor who’s worked with Amazon, McKinsey, and across Silicon Valley. Companies discussed: CRM, AAPL, IBM Host: Ricky Mulvey Guest: Alex Dang, llya Strebulaev Producer: Mary Long Engineers: Tim Sparks, Heather Horton Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

When everybody is running in the same place and you're running faster, maybe you're

0:06.6

overestimating the fruits of victory. So in the piggy-bank game, in the fair of missing

0:12.2

out in the former and in the stock market in general investing in general

0:16.6

the winner very often loses it has a special name called Winners Curse.

0:23.6

I'm Mary Long and that's I'll

0:28.6

Eelius Trebulev, an economist and professor at the Stanford

0:31.6

graduate school of business. He's also the co Graduate School of Business.

0:33.0

He's also the co-author of the new book, The Venture Mindsette,

0:36.0

which he wrote with Alex Dang, a technology executive

0:39.0

who's launched new ventures at Amazon

0:41.0

and been an advisor for companies across Silicon Valley.

0:44.0

Venture capitalists are looking for winners, 100 X winners.

0:48.0

Stock investors certainly wouldn't complain about those kinds of returns.

0:51.0

So what can we learn from the people who are analyzing and

0:54.0

investing in early-stage companies? Stravolov and dang joined my colleague Ricky

0:58.0

Mulvey for a discussion about why A-list teams are the best kind of bet. the good that can come from getting outside your own four

1:05.0

walls, and what investors can learn from a piggy bank.

1:10.0

So Alex and Ilia, either one of you can take this, but for those with the venture mindset,

1:18.0

why don't they care about strikeouts?

1:20.0

Why aren't they worried about getting on base?

1:22.0

Why are they only worried about home runs with the investments they make?

1:25.9

The reason is very simple.

...

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