1. The 45 Qualities Every True Leader Must Have

One area I am lacking:

Manual Dexterity and Skill. The man who can do things is admired. The applicatory system of training and instruction is based initially upon demonstration, which requires that an example be set before those who are to learn. The execution of the movements in the manual of arms by an individual and of those in close order drill by the organization are steps in instruction of a value directly proportionate to the perfection with which they are accomplished. On the target range, an expert rifle shot sets a standard toward which all will direct their efforts. The aspirant to leadership will do well to qualify himself in those accomplishments which he desires to inculcate in his men.

When it comes to things like laying tile or fixing a car, I often say “if I can’t fix it by pointing and clicking with a mouse, I’m not your guy.”

2. The Myth of Private Equity and Venture Capital Performance

  • Buyout funds have outperformed the S&P 500 net of fees on average by about 20 percent over the life of the fund.
  • Venture capital funds raised in the 1990s outperformed the S&P 500 while those raised in the 2000s have not.
  • Before the 2000s, buyout and venture capital fund performance showed strong evidence of persistence.
  • Since 2000, there is little evidence of buyout fund persistence (with the exception of persistence among the worst performers, those in the bottom quartile) while venture capital fund persistence has remained strong.

 

DJ has been a serial entrepreneur for over 20 years, founding multiple companies in the software and media industries. He began real estate investing in 2016 and loved it so much that in 2017 he decided to focus on it full time.